Sentences with phrase «rupee banknotes»
On 8 November 2016, India's prime minister Narendra Modi announced that all 500 - and 1000 - rupee banknotes, representing about 86 % of cash in circulation, would become invalid at midnight and would thereafter have to be exchanged at banks.
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In November 2016, Indian Prime Minister Narendra Modi disrupted the entire Indian economy by announcing the demonetization of all 500 and 1,000 rupee banknotes.
Currently, the country is recovering from a recent demonetization of all 500 and 1,000 rupee banknotes from the Mahatma Gandhi Series, implemented by the Indian government in November 2016.