what are the advantages of demonetization 
the main benefit of demonetization is to curtail criminal activity as their supply of money is no longer legal tender this affects counterfeiters as well as they cannot exchange their merchandise for fear of discovery it can prevent tax evasion as those who were evading taxes must come forward to exchange their existing currency at which time the authorities can retroactively tax them finally it can usher in the digital currency age by slowing down the circulation of physical currency 