Give an instance when a currency has been demonetised to facilitate trade.

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At the end of year 1993, the European Union of various European countries was formed. It removed the trading barriers among the united countries to facilitate trading among European countries. But the traders were feeling difficult to trade due to the difference in the currency types of different European countries. As a result, in the year 2002, European Union issued a new currency unit, named Euro, to be applicable all over the European Union countries. So, the currency units like German Marc, French Franc, and Italian Lira were demonetised, in favour of Euro issued, to facilitate trade.

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