When there is a threat to the financial stability of the country, the president can declare a [[1]].

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When there is a threat to the financial stability of the country, the president can declare a State of emergency.
An emergency is an abnormal situation in a country that usually occurs because of civil unrest or intolerable internal conflicts which pose threat to the lives of people. When there is some external aggression or the country is at war with another country, in that case also, the President imposes a state of emergency in some areas or even in the whole of the country, if necessary. If there is a threat to the financial stability of the nation or a state then also the president can declare an emergency in the whole country or in that particular state, whatever is required and this is also called the President’s rule. During an emergency, usually, the fundamental rights of the citizens are suspended and martial law is applied.

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