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Tuesday, November 28, 17, 14:40:37, 2 Weeks Ago Via bronparkson In Politics

In 20:00 Indian Standard Time on November 8 2016, Narendra Modi, the prime minister of India, made a shocking announcement in which he informed people that banknotes with the nominal value of 500 and 1,000 rupees (about $7.5 and $15 respectively) will lose validity at midnight of the very same day. This completely unexpected move threw more than a billion people country into a chaos as the India is still very cash-dependent. He also set the 50-day period for the Exchange of old banknotes for the...

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