THE INVENTION OF MONEY

In the ancient time human needs where Limited Man would produce commodities for himself. He would not different upon the society. there was no need for buying and selling.so there was no existence of exchange. It was the age of self Reliance.


Human needs are big and to increase along with the development of human civilization. He becomes dependent upon the society and starts producing commodities for the society on the basis of division Of labor.  As a result production given to increase gradually and call for exchanging surplus. The better place where transform into markets. A group of middleman affair and open shops at market






It was the age of barter .Trade and Commerce appeared and the development of human civilization. Sea -cowries entered into the market as a media  of keeping accounts . She became a common product and medium of transaction . It was the age of cowries. Scarce supply of cowries failed to meet the gradual needs.  Man learnt to extract minerals and to use them as metal media of transaction . Social system Kingdoms and independent States give up. The ancient Kings produced gold and silver money and circulated in the markets for free transactions. It was the age of metal money. Free transactions led to expansion of trade and Commerce and created more and more needs for metal money.


Money and banking system developed .The government circulated huge quantities of paper money Side by side with metal money to facilitate the need for money .The age of self Reliance, better, cowrie disappeared and the age of paper money appeared with the introduction of a new era. Money was invented several 1000 years ago. It was invented for the first time in China 100 years before the birth of Christ.


 Paper money was primarily introduced in Europe. it was introduced to slowly throw out the word at different times. the invention of money, the development of Science and Technology and economic progress of the world. No country in the world is now self- sufficient.


The expansion of International Trade has a mobile list International Mantri system. Tanka the name of silver money introduced by the independent Sultans of Bangla as the medium of exchange at the beginning of 14 century. The real history of the invention of money is still untraced. The invention of money stands on a stage of development of mankind and his civilization .Ancient coins freely served in the museums of the world can tell the history of the invention of money



THE THEORY OF DEMONETIZATION


DEFINATION & 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 introduction of exchange notes by the government. system of controlling transaction, marks and economic activities through exchange notes in place of money. and economic philosophy to provide A scientific socio economic infrastructure. A demo is the way to check and diminish illegal income and expenditure by using exchange notes in money. Demo can be scientifically applied in all types of Economics like capitalism, socialism ,Communism, Islamism and mixed economy. It can be implemented throughout the world the features of 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 lien of money. 

d)It is to control transactions Markets and economic activities.

e) It is to blow up Rapid economic development .

OBJECTIVES:”- The internal and external objectives of the demo are the following .:-

a)To remove the various to economic development

b) To setup a new socio economic in fact structure

c) To diminish all types of corruptions and crime from the society

 d)To decentralize National resources and economic development

 e)To bring socio economic security for 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.


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 demonetize 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 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 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 Bank advises 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 advises 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 a 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 demo among the member states