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To what extent does Demonetization help the inflation of a country?

Accounting
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Question added by Gerald Zihando , Clerk , Zimpost Pvt Ltd
Date Posted: 2015/06/11
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FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Demonetization is the act of stripping a currency unit of its status as legal tender.

Demonetization is necessary whenever there is a change of national currency.

The old unit of currency must be retired and replaced with a new currency unit.

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