demonetization in a sentence
n.
Definition
Demonetization is the process of removing the legal tender status of a currency, often resulting in a reduction of cash in circulation and significant economic effects.
Sample Sentences
- Demonetization can significantly impact the economy by reducing the amount of cash in circulation.
- The government's decision for demonetization led to mixed reactions among the public and business sectors.
- In many countries, demonetization has been used as a tool to combat black money and corruption.
- Economic analysts often debate the long-term effects of demonetization on financial stability and growth.
- During the period of demonetization, many people faced challenges in accessing their funds, leading to widespread disruption.