The process of removing the official money status from currency or removing the monetary value from something.
From de- (remove) + monetization (making into money), derived from Latin moneta (coin/money). The term became widely used in economics and politics, especially after India's 2016 currency demonetization.
India's 2016 demonetization of 500 and 1,000 rupee notes overnight shocked 1.3 billion people and became one of the largest monetary experiments ever attempted, showing how governments can dramatically reshape financial systems in a single decision.
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