0 sats \ 0 replies \ @KenyaCoin OP 26 Oct 2022 \ on: Nigeria to redesign N200, N500 & N1,000 notes and demonitize old notes Jan 2023 bitcoin
Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is or are pulled from circulation and retired, often to be replaced with new notes or coins.
https://en.wikipedia.org/wiki/Legal_tender#Demonetization
A famous example of demonetization occurred in 2016 when India demonetized 86% of its nation's currency.
Demonetization: Meaning, Example, and How It Works https://www.investopedia.com/terms/d/demonetization.asp
write
preview