Indian Prime Minister Narendra Modi publicly announces <a href="https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation" id="mwAZo" rel="mw:WikiLink" title="2016 Indian banknote demonetisation">the withdrawal</a> of ₹500 and ₹1000 denomination banknotes.<sup about="#mwt77" class="mw-ref reference" data-mw='{"name":"ref","attrs":{},"body":{"id":"mw-reference-text-cite_note-11"}}' id="cite_ref-11" rel="dc:references" typeof="mw:Extension/ref"><a href="./November_8#cite_note-11" id="mwAZs" style="counter-reset: mw-Ref 11;"><span class="mw-reflink-text" id="mwAZw">[11]</span></a></sup>
<span class="mw-reference-text" id="mw-reference-text-cite_note-11"><cite about="#mwt74" class="citation magazine cs1" id="CITEREFJain_Kaushal2022">Jain Kaushal, Teena (11 December 2022). <a class="external text" href="https://www.businesstoday.in/magazine/economy/story/cash-is-still-king-with-currency-in-circulation-touching-a-new-high-in-october-354200-2022-11-25" id="mwCBw" rel="mw:ExtLink nofollow">"The Dash of Cash"</a>. <i id="mwCB0">Business Today</i>. Vol.<span id="mwCB4" typeof="mw:Entity"> </span>31, no.<span id="mwCB8" typeof="mw:Entity"> </span>25. p.<span id="mwCCA" typeof="mw:Entity"> </span>35<span class="reference-accessdate" id="mwCCE">. Retrieved <span class="nowrap" id="mwCCI">28 November</span> 2022</span>.</cite><span about="#mwt74" class="Z3988" id="mwCCM" title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Business+Today&amp;rft.atitle=The+Dash+of+Cash&amp;rft.volume=31&amp;rft.issue=25&amp;rft.pages=35&amp;rft.date=2022-12-11&amp;rft.aulast=Jain+Kaushal&amp;rft.aufirst=Teena&amp;rft_id=https%3A%2F%2Fwww.businesstoday.in%2Fmagazine%2Feconomy%2Fstory%2Fcash-is-still-king-with-currency-in-circulation-touching-a-new-high-in-october-354200-2022-11-25&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ANovember+8"></span></span>