👉 Demonetisation, also known as devaluation or devaluation of currency, is an action taken by a government to reduce the value of its currency in order to reduce inflation and stabilize the economy. This can be done through changes in the exchange rate between the country's currency and other currencies, or through measures such as removing coins from circulation. The main purpose of demonetisation is to make it more difficult for individuals to obtain new bills or coins, which can lead to increased demand for existing
