On 9th November 2016, Prime Minister, Mr. Narendra Modi took the boldest step against black money and inflation in history of India. Live on national television, Modi announced the ban of high dimension notes of Rs.500 and Rs.1000 form November 8th midnight. He gave the entire nation 50 days to surrender all their currency. Only petrol pumps, government hospitals, chemists and crematories will be accepting these till 11th November.
This shock the entire nation. Narendra Modi announced this huge step to finish the distribution of fake currency. He also tells us that in the past, high denomination fake notes have been used for terrorist and illegal activities. Because of India being a cash- based economy, circulation of fake currency is a menace.
In short term, this change can be challenging and scary but the Prime Minister promises that for a while people will face some problems, but if we look at the bigger picture, it will be a blessing. He ensures the people not to panic and says that soon the banks will start the circulation of new currency notes of Rs.500 and Rs.2000.
Well the social media seems to have taken this as a funny situation. Since last night people have been making memes and tweets about this strike. Here are some of the best memes on social media:
