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Demonetization essay in marathi

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What Is Demonetization And It's Result In India: [Essay Example], words GradesFixer

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 pulled from circulation and retired, often to be replaced with new notes or coins. Sometimes, a country completely replaces the old currency with new currency. Removing the legal tender status of a unit of currency is a drastic intervention into an economy because it directly affects the medium of exchange used in all economic transactions. It can help stabilize existing problems, or it can cause chaos in an economy, especially if undertaken suddenly or without warning.
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Demonetization in India

Demonetisation or notebandi of Rs. We think that various school and colleges must be adding this important subject in their speech or essay competition. Hence we have written this essay on demonetisation in English for students from class 5 to class 12 in , , words. If you are a school going student, then you might expect notebandi topic in the exam for essay and paragraph writing.
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The demonetization policy introduced in India is part of the on-going financial reforms. However, such decision has its merits and demerits. Enacting the demonetization policy means specific currency will be replaced with a new currency. In India, the decision of demonetization of and rupees as a legal tender is meant to fulfill specific objectives. The government of India enacted this policy in an attempt to fight corruption.
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