Demonetization


Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.

Demonetization

Government withdrawal of a form of currency from circulation e.g. a particular note, coinage, or precious metal.
Mentioned in ?
References in periodicals archive ?
The SBP Board has not submitted any recommendation for demonetization or discontinuation of Rs.
Further, in case of demonetization of any bank note, SBP announces the same well in advance and provides ample time to public to change the currency under demonetization process.
Dire necessity for demonetization occurs whenever a check is required over the currency in circulation.
IIF explains that GDP growth was already weakening before demonetization, but the note ban reform depressed consumption and investment further.
This will result in decline in GDP as IMF and World Bank also projected a decline in GDP due to demonetization. Global analysts cut their forecasts of India's GDP growth rate due to demonetization.
The debate could not have come at a more opportune moment as the Demonetization exercise in India completes its first anniversary.
After slightly more than two years in office, Modi announced the most controversial economic shock of India: demonetization of large currency bills of 1000 and 500 rupee bills.
This book examines demonetization in India, the reasons for it, and the use of digital technology in encouraging cashless/electronic transactions.
Summary: New Delhi [India], Mar 26 (ANI): The opposition parties will hold a press conference on Tuesday in which they are likely to attack the BJP government for its demonetization policy, said a source on Monday.
In a statement issued by the Central bank, the SBP board has not submitted any recommendation for demonetization or discontinuation of Rs.
11 -- The thick veil on the demonetization of 1000 and 500 rupee notes was finally removed by the 2017 annual report of the Reserve Bank of India (RBI).