Name and explain different types of Demonetisation of currency?

Posted on

The two types of Demonetisation of currency are:

(i) Total Demonetisation: In this type of Demonetisation, the entire range of present currency units are replaced by a complete new range of currency units.

(ii) Partial Demonetisation: In this type of Demonetisation, only some or part of currency units (only partial and not complete) are replaced by new currency units and rest other currency units are continued for the circulation.

Related posts:

  1. Describe the Character of Sergei
  2. Examine the Role of Industrial Working Class in the Civil Disobedience Movement
  3. Describe the Actions Taken by the British Administration Against the Nationalists Who Opposed the Rowlatt Act.
  4. Who Was Alluri Sitaram Raju? Explain His Role in Inspiring the Rebels With Gandhiji’s Ideas

Leave a Reply

Your email address will not be published. Required fields are marked *