Monetary Reform

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August 31, 2024 4 min read Definitions

Economics Finance Government Regulations Currency Inflation Economic Policy Monetary Reform Financial Stability

Currency reform involves the replacement of an existing currency by a new one, often to address issues such as inflation or to facilitate economic policy adjustments.

August 31, 2024 5 min read Definitions

Demonetization: Withdrawal of Currency Acceptance

Economics Finance Demonetization Currency Gold Standard Economic Policy Monetary Reform

Demonetization refers to the process whereby a currency or precious metal is withdrawn from its role as an accepted form of money. A notable example includes the 1971 decision by the Group of Seven governments to demonetize gold as an international currency.