Why do countries demonetise their currencies?

What is demonetisation? What is the meaning of demonetisation? Recently Indian prime minister Narendra Modi / Government of India, took an abrupt step of demonetising rupees 500 and rupees 1000 bank notes from 9th November 2016! ("Rs. 500 and Rs. 1000 notes pulled out of circulation immediately" - PM Narendra Modi). So Why do countries demonetise their currencies? Effects of demonetisation? Find out the advantages and disadvantages of demonetisation in this short animated video. If you enjoyed watching this video: Follow us, Like us, be a part of the family: ►http://facebook.com/tellmewhyvideos ►https://twitter.com/tellmewhyvideos Bckground Music: Kevin Macleod incompetech.com Animated videos covering wide range of topics. Science, astronomy, engineering and technology, biology, economics, history. You name it we have it.

Comments

1. Tell my why you are not uploading new videos D:?
2. where did you go
3. What software or tools do you use to make your videos, i just subscribeded
4. which software did you use to make this animated video??
5. this was a very good video i am indian please make video on water shortage.
6. hey can you please make a video about water shortage and it is ascertained that third world war would be for water.
7. noooo Demonetisation doesn't.... .....👎👎👎🙅😡💸
8. Hey man. You always explain stuff so clearly, so I can understand it very well. Could you please make a video in the future about "how do hot springs work"? I know the rocks in the earth's crust heat up the water, but that is all. Thank you.
9. Well explained guys. But standing in the queues seems naive disadvantage to me.
   
   Just considering the fact the people forming serpentine queues to buy movie tickets and even for Jio Sims in India, Can't the wait wait to get their money exchanged? (which is good for himself and the country)
10. There are a lot of Indians here in Canada worried about this because they wont let them change their money by mail and so any cash they have they cant replace.
11. you showed that Pakistan has demonetised its currency that too in 2016,but it is false there is no sign of such thing media or wikipedia.....pls correct it if possible
12. Don't mind me I'm just admiring my newly minted AUD $5 note, looks much prettier than the old ones.
13. Using money as tissue papers is a bad idea. Do you know how rough they are on the nose?!?!
14. This video actually really helped me to understand the recent situation, so thank you
15. not true in case of india. Entrepreneurs don't give back to banks. They just give some part of it to politicians who in turn settle their debts from govt tijori. Fuking thug indians. 90% are corrupt shit.
16. i think demonetization is not the permanent solution but is a milestone while fighting against black money if the government has planned well to take advantage of taking this step and thus help maintain the economy clean...
17. awesome video as always...
18. Great video as always friend. I really like how much effort you put into the animations that go along with what you're saying.
19. Thanks for watching. :)