Prime Minister Narendra Modi has just delivered the biggest Surgical Strike on Black Money. The Prime Minister in a sudden address to the nation announced that the existing 500 and 1000 currency notes are banned with immediate effect. All the banks will be shut for the next two days and ATMs will also not function.
People with these notes can exchange them in Banks and Post Office for lower denomination notes till December 30th. This will ensure that all the big notes hoarding as Black Money will come out and will be turned to White or else have to be just dump them in dustbin. All the fake note creators will also face the Music.
In the place of the banned notes, government will introduce new 500 and 2000 denomination notes in their place. The new notes will carry new security features which will prevent black money hoarding as well as fake note printing. Incidentally or coincidentally Andhra Pradesh Assembly is planning to move a resolution asking the center to ban these notes. Chief Minister Chandrababu Naidu is a strong advocate of the big notes ban for a very long time.
