On 8 th november 2016, the government of india has announced the banned of 500rs note and 1000rs note.

the demoneitization of 500rs and 1000rs note gave shock to all the people living in india .people were shocked about about the decision that was made by a government . as it was not informed to the people of india that something like this is going to happen . after the anouncement of currency band whole india has suffered the effect.

Indian Prime minister narendra modi has made this announcement on television at around 8pm . his main reason for this demonietization was to take all the black money out. he's view was cleared that all the people who has 500 and 1000 ruppes note can go to any bank in india and can change their old currency with the new one .

the prime minister has announced that old currency will be collected in all the banks and you will be given the new currency of 500 and 2000 ruppes .but it was very less time for the population of india to do this thing. this process of demonitization has been planed and started before 8 to 9 months from the announcement . but it was kept confidential.

during this process many people has lost thier life, many old people died in this process of deminitization . people have to stand for the whole day in queue of the bank for exchange of currency .

in many people dont have their own account, they dont know what to do and how to do because, of the illiteracy of poor people . poor peole have suffered a lot during the process of demonietization . as we all know 40% of population in india are illiterate they dont know what to do? how to do?

the main purpose of demonitizationwas to grab all the black money from the coutry and make india a free nation from black money . bujt this process was also not successfull, the rich people has used poor people peolpe to put their black money in their account and show that money as their . people also started taking comission for the rich one's.

the process of demonitization has done for over 8 to 9 months. many of the black money holders have converted their old currency to new currency .

the people had suffered alot due to this decision of governments they told that government should have informed people before taking such a big action . the government has declared that each account can only withdraw 2000 rupees at a time .

beacause of this all many people has suffered . how can one run his whole house in 2000 it was not possible for even normal people . the government of india has many more rules and regulation at that tme . many of them had suffered and many lives had gone because of this process.even the old man/woman has to stand in queue for the whole day .