PM Modi abolishes its currency notes in a supp rise move

aliisaac1000

JF-Expert Member
Jul 11, 2015
382
250
The Magufuli of India, PM Modi has made a surprise move by abolishing
Rs 500, Rs 1000 currency notes from midnight tuesday: PM Narendra Modi's address to the Nation. Corruption, terrorism, black money weakening the nation.
In a major step to check black money, Prime Minister Narendra Modi on Tuesday announced demonetization of Rs 500 and 1000 currency notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption. In his televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30
odi said the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper.” However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid. He also announced that new notes of Rs 2000 and Rs 500 will be introduced.
Hii inaonyesha kumbe Magu nae angekuwa sahihi kama angechukua hatua kama hizi, ingawa kuna watu walijaribu kumpinga.
 

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