Welcome to the 1520 Perfect Dictionary
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| Demonetisation | |
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| DEMONETISATION Definition: The withdrawal of a coin, note, or precious metal from use as a legal tender. ______________________________________________________________________ * All eight elements sure in. * See perfect withdrawal (3). * See perfect withdrawal (4). 1. Purposeful and necessary in issuer's opinion. 2. Authority relied on to act cannot be challenged. 3. Footing or foundation is economics, not politics.* 4. Alternative is in place to ensure trade is ongoing. 5. Publicity after formalities undertaken early enough. 6. Withdrawal (and a replacement?) achieves objective(s). 7. Monetary authority or regulators do not regret the decision.** 8. Disposal of previous money causes no environmental damage. ___ * Cost-benefit analysis and/or opportunity cost are considered. ** Rates of exchange, balance of trade, etc. never going 'south'. ___ See perfect VALUE FOR MONEY. See perfect FARTHINGSWORTH. See perfect SOFT CURRENCY. See perfect CENTRAL BANK. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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