On November 8, 2016, Prime Minister Narendra Modi announced that Rs 500 and 1,000 notes would cease to be legal tender. The announcement followed long lines at banks to exchange or deposit these notes. Cash shortage, loss of cash-dependent jobs, and long lines of desperate people defined India for weeks to come.
When India Stood In Line In Demonetisation Drive
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On November 8, 2016, Prime Minister Narendra Modi announced that Rs 500 and 1,000 notes would cease to be legal tender. The announcement followed long lines at banks to exchange or deposit these notes. Cash shortage, loss of cash-dependent jobs, and long lines of desperate people defined India for weeks to come.
Updated on:
Published at:
Demonetisation
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