On demonetisation anniversary, Prime Minister Narendra Modi, shared a video from his twitter handle which underlines the need and importance of ban of high value currency.
The seven-minute-long video depicts demonetisation as 'one of the bravest steps' taken by Prime Minister Modi after coming to power in 2014. The video says that the country was suffering from the menace of corruption and black money before 2014 and the decision of demonetisation was a step to 'clean the Indian economy'.
The video claims that 'such a decision was never taken in Independent India' and the decision broke the backbone of terrorism and Naxalism in the country.
— Narendra Modi (@narendramodi) November 8, 2017
On this day last year the old Rs 1,000 and Rs 500 notes -- 86 per cent of currency in circulation -- were scrapped after Prime Minister Modi made an unexpected announcement during a surprise television address.