Demonetization refers to the withdrawal of a specific form of currency from circulation, rendering it no longer recognized as legal tender. This economic policy is often implemented to combat issues like corruption, counterfeit currency, and inflation.
The International Monetary Fund (IMF) is an international financial institution that provides monetary cooperation and financial stability to its member countries, aiming to facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
An international organization comprising 184 member countries, established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance-of-payments adjustment. The IMF, founded in 1945, is headquartered in Washington, D.C.
The International Monetary Fund (IMF) is an international organization established in 1944 to promote global monetary cooperation, ensure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
An in-depth exploration of official reserves which encompass deposits of gold, currency, and Special Drawing Rights (SDRs) held at the International Monetary Fund (IMF) by member countries.
Special Drawing Rights (SDR) are international reserve assets created by the International Monetary Fund (IMF) to supplement its member countries' official reserves.
