Critically analyse the contemporary relevance of Gresham’s Law in India, with reference to inflation episodes, foreign-currency preference, crypto assets and a potential CBDC. (Answer in 250 words)

Gresham’s Law—“bad money drives out good”—arose in metallic regimes where overvalued coinage displaced undervalued coins. In modern fiat and digital settings, its spirit survives, shaped by legal-tender rules, convertibility, and credibility.

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