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At the stroke of midnight on 9/11 of the year 2016, much of India was busy counting the number of Rs 500 and Rs 1,000 notes they possessed. After after the shocking late-evening announcement by Prime Minister Narendra Modi that these two currency note denominations will be demonitised within just a few hours in order to check black money, social media sites were buzzing with reactions that ranged from confusion and outrage to congratulatory cries for having taken a firm step against corruption.
But the most oft-asked question was and even continues to be: What do with your Rs 500 and Rs 1000 notes now?
In his televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1,000 can deposit the same in their bank and Post Office accounts from November 10 till December 30. But what was the immediate solution? True to its reputation of exhibiting a fabulous sense of humour on every major – and minor – event, memes, gifs and pictorial suggestions started being circulated on social media, from Twitter to WhatsApp.
Choose from using those ‘worthless pieces of paper’ as a holder for your chana jor garam or bhelpuri to replacing your TP with these notes, there are many suggestions that are being shared. Question is, will you follow?
A two thousand note holder selling desi dry fruits wrapped in Rs 500 & Rs 1000 notes.(2016) pic.twitter.com/DdQsgXa67F
— History of India (@RealHistoryPic) November 8, 2016
The new use of Rs 500 and Rs 1000 notes pic.twitter.com/Um5oVjAP4j
— Snehesh Alex Philip (@sneheshphilip) November 8, 2016
Some needed help
Indian person: OH NO. I HAVE ONLY 500 and 1000 rupee notes. Who will help me?
Benedict: Don’t worry. I’m here. pic.twitter.com/JgwTbRXdjC
— Sahil Shah (@SahilBulla) November 8, 2016
Others offered to help
Though Modi said that these notes “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper”, all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid. He also announced that new notes of Rs 2,000 and Rs 500 will be introduced.