Demonetize

[Jayalakshmi. j]

Deprive(a coin or precious metal) of its status as money.

[Hari priya]

To divest (a monetary standard or the like) of value. eg: a coin

[jagadeeshwaran]

demonetize is the act of stripping a currency unit of its legal using tender it is a necessary whwnever there is a change of national currency.the old unit of currency must be retaired and replaced unit.

[Nivedha Kannan]

Demonetizing is the process of deciding officially that a particular coin or banknote can no longer be used as currency.

eg-

10,000 rupees is the highest denomination RBI has printed in its history. It was in circulation between 1938 and 1946, but were eventually demonetized.

[nivetha]

It means to officially stop using particular notes or coins, or a particular currency.

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