THE THEORY OF DEMONETIZATION
DEFINITION & FEATURE: Money is the sum of paper notes and metal coins of a country, which is used as cash and a common medium of exchange circulated by the government. Demonization is the act of paper notes and metal coins from circulation and the introduction of exchange notes by the government. system of controlling transactions, marks, and economic activities through exchange notes in place of money. and economic philosophy to provide A scientific socio-economic infrastructure. A demo is a way to check and diminish illegal income and expenditure by using exchange notes in money. The demo can be scientifically applied to all types of Economics like capitalism, socialism, Communism, Islamism, and mixed economy. It can be implemented throughout the world the features of the demo are:-
a)It is a business and economic system to be implemented by the government.
b) it is the withdrawal of paper notes and metal coins from the market by the government.
c) Introduction of exchange notes in lieu of money.
d)It is to control transactions Markets and economic activities.
e) It is to bolo aap Rapid economic development.
OBJECTIVES:”- The internal and external objectives of the demo are the following .:-
a)To remove the various economic development
b) To set a new socio-economic in fact structure
c) To diminish all types of corruption and crime in the society
d)To decentralize National resources and economic development
e)To bring socio-economic security to all
FUNCTIONS:- Demo cannot be implemented within a day or night. it may take several. years .it can be implemented either partially or fully. The process or functions are noted below:-
a)Withdrawal of Money from Calculation and use of exchange notes.
b)Formulation and implementation of Banking policies
c)Formulation and implementation of marketing policies
d)Formulation and implementation of manpower policies
e)Formulation and implementation of industrial policies
f)Formulation and implementation of agricultural policies
g)Formulation and implementation of social security policies
h)Formulation and implementation of taxation policies
i)Formulation and implementation of international monetary policies.
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MODE OF TRANSITION TO DEMO: Damo can be applied slowly in the democratic process of the government .However the following state may be taken ;-
a) Legislature:- The legislature will decide to demonists in the slow forces of functioning noted above. the legislature will formulate and implement the policies on banking , marketing,financing, manpower, industrial, agriculture, social security, and other aspects of the demo
b)Declaration: The government will declare a demo under banking policy and Urdu paper notes and metal coins. Metal coins bearing minimum and negligible value are kept in circulation.
c) Generalizing Exchange Notes: The government will generalize and introduce exchange notes like cheques,drafts, Orders wheels debit cards credit cards promissory notes, etc. through exchange centers and marketing societies cutter throughout the country.
d) Industrial and Personal Banks : Industrial banks will keep accounts of the Institution and the personal banks will keep accounts of the persons of the area. Institutions and persons will have single and separate accounts in selected and respective Banks. Engage of Need Institutions and persons may have additional accounts with permissions. Exchange centers and marketing societies will supply exchange notes and clear transactions. Institutions and persons notes in respective accounts and will expand through exchange notes.
e)National Money and Local Money: The paper notes may be used as national money or local money everywhere upon the Bank's advice for the transitional period . Tickets may be used as conveyance everywhere. the careers will deposit the tickets in their accounts. local money may be used for free transactions in a locality upon Bank advice for the transitional period.
f) Business management authority: A number of business management authorities namely Central banking management, Central marketing management, Central financial management, Centre Industrial Management, Central agriculture management, Central security management, Central personal management, and other bodies of the state Administrative machinery will work under respective policy of the Legislature.
g) Taxation: The government will introduce murder in the taxation system in favor of a demo to turn to a productive economy.
h) Public Finance: The government will apply productive Public Finance in the light of the demo to equate internal and external income and expenditure of the government.
i) International Monetary System: The United Nations Organization can apply as a global movement and cancel and develop a simple and scientific International Monetary System. UNO can transmit demos among the member states
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