The government announced demonetization of old currency notes to curb black money.
政府宣布废除旧货币以打击黑钱。
Demonetization led to long queues outside banks as people rushed to exchange their notes.
demonetization导致银行外排起长队,人们急于兑换他们的钞票。
The primary objective of demonetization was to reduce corruption in the economy.
废除的主要目标是减少经济中的腐败。
Many small businesses suffered during the initial days of demonetization due to cash crunch.
在 demonetization 初期,许多小企业因现金短缺而受苦。
Demonetization forced people to adopt digital payment methods, promoting financial inclusion.
废钞迫使人们采用数字支付方式,推动了金融包容性。
Critics argue that demonetization had negative short-term effects on India's GDP growth.
批评者认为废钞对印度短期内的GDP增长产生了负面影响。
The government provided a grace period for citizens to deposit their demonetized notes in banks.
政府为公民提供了宽限期,以便将被废止的纸币存入银行。
Demonetization exposed many informal sector workers who relied heavily on cash transactions.
废钞使依赖现金交易的许多非正规部门工人暴露出来。
Banks struggled with the sudden surge in demand for new currency after demonetization.
废钞后,银行难以应对新货币需求的突然激增。
Despite initial hardships, demonetization paved the way for a more transparent and digitized economy.
尽管初期困难重重,但废钞为更透明、数字化的经济铺平了道路。
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