Demonetization is a radical intervention in the economy, which includes depriving the currency of the status of legal tender.
Demonetization could cause chaos or a severe downturn in the economy if it goes wrong.
Demonetization has been used as a tool to stabilize the currency and fight inflation, facilitate trade and market access, and increase the transparency of informal economic activity and move away from black and gray markets.
A famous example of demonetization occurred in 2016 when India demonetized 86% of its national currency.
Demonetization can also refer to social networks or digital content that previously qualified for revenue sharing but have since been denied revenue.
Euribor is the interbank overnight rate, which consists of the average interest rates of a number of major European banks, which are used to lend to each other in euros.
The Fisher Effect is an economic theory created by economist Irving Fisher that describes the relationship between inflation and real and nominal interest rates.
The float is essentially money with a double account: the amount paid, which, due to delays in processing, appears simultaneously in the accounts of the payer and the payee.