Prime Minister Narendra Modi on November 8th in his address to the Nation announced demonetization of Rs. 500 and Rs. 1000. He said that the decision will lead to improvements in the country’s economy. The Prime Minister said that the bold measure is taken by the Government to curb corruption and black money menace. Shri Modi also informed that currency can be exchanged from banks or nearby head post offices or sub post offices.

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