On November 8 2016, Narendra Modi, the prime minister of India, announced that the Rs500 and Rs1,000 notes (worth about $7.50 and $15 respectively) would be demonetised with immediate effect. This act cancelled 86 per cent of the value of cash in circulation. Moreover, the cancelled notes had to be deposited in banks by December 30 with restrictions on withdrawals.
2016年11月8日，印度总理纳伦德拉•莫迪(Narendra Modi)宣布，将立即废除面额为500卢比和1000卢比的纸币（分别约合7.5美元和15美元）。此举导致流通中现金减少了86%。此外，被废纸币必须在12月30日之前存入银行，并且取款受到限制。
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