Rs 500 and 1000 currency demonetised
In a major step to check black money, the Indian government on Tuesday discontinued Rs 500 and 1000 currency notes. The announcement in this regard was made by Prime Minister Narendra Modi during his address to the nation. From Midnight Nov 8, 2016 today, Rs500 and Rs1000 notes are no longer legal tender, said Modi.
The prime minister said that corruption and black money is something the government has fought for immediately after assuming office.
For Bitcoin investors have no worry...Because Bitcoin is most safe and secure digital currency in universe.
But what happened to the people who had their saving in Rs500 and Rs1000 notes? Sounds terrible to me, but I hope they had the chance to exchange their notes. We had same situation where I live 25 years ago or so, but people were given couple of days to do the exchange.