Demonetization of India's 500 and 1,000-rupee notes

Indian villagers , carring their passbook, stand in a queue to withdraw money,In a rural bank branch , in Parila village, some 20 kms from Allahabad on December 13,206.Indian Prime Minister Narendra Modi, in his Nov. 8 televised address, announced demonetization of India's 500 and 1,000-rupee notes, which made up 86 percent of the country's currency. People have been forced to stand in long queues to change banned notes and also to take out new currency from their accounts after severe limitations were imposed on withdrawal from banks and ATMs. (Photo by Ritesh Shukla/NurPhoto via Getty Images)