Demonetisation of $\text{Rs.}500$ and $\text{Rs.}1000$ currency notes was announced on

Prime Minister Narendra Modi announced the demonetisation of all existing $\text{Rs.}500$ and $\text{Rs.}1000$ high-denominational banknotes of the Mahatma Gandhi Series during an unscheduled televised national address on November $8,2016$.