Outrageously Funny Word Dictionary :: Demonetized

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What is the definition of demonetized? 🙋

👉 Demonetization is a process where currency notes and coins are removed from circulation, often to curb the proliferation of counterfeit money. This can be achieved through various means such as replacing them with new ones or issuing new denominations that reflect the country's current monetary policy. In some countries, this move is also known as demonetization or currency devaluation. It aims to reduce the use and circulation of old, untraceable currency, which has been a significant problem in many countries around the


demonetized

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