Why India Banned 86% of its Currency

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  1. PolyMatter


    Jaar geleden

    The holidays are here and you finally have time off. Use it to learn something new with Brilliant: brilliant.org/Polymatter

    • Brian Agee

      Brian Agee

      3 maanden geleden

      Kind of bothers me

    • Bojokowski


      5 maanden geleden

      How brilliant are we to measure the cosmos with an arbitrary unit like money? Your channel sucks

    • Ashutosh Rana

      Ashutosh Rana

      6 maanden geleden

      this is a result .. when an amateur without doing through research acts like an expert and spreads misinformation .... the goal of denomination was a sub plot in a massive plan ... and it was successful even if you see it independently .. 1. The Indian rupee notes was very easy to counterfeit and it was a known fact among those who cared that pakistan had those Indian money printing machines soon after the Independence ... they were so good counterfeits that no one can tell the difference ... that money was flooded in India to cripple our economy and it became a part of every common man ... the difference of money that RBI released and the money in market was massive (close to double) this means, for example...if rbi says there should be 100000 notes in India .. there were actually close to 200000 notes.. this resulted in big inflation and massive downfall in rupee every 4-5 years ...so ofcourse 99% of money came back because it was all technically white money ... 2. there was also an agenda of government to teach and force poor and normal people to use cashless transactions ... open a bank account .. take the subsidy or cash given my govt. directly and not through brokers ... .it started a cashless culture in India which seems impossible to achieve ... 3. there were also many more issues related to political funding, economy, security , corruption, scams etc etc... so get your facts right before criticising the leader of the greatest and largest democratic country in the world .. you cant judge India using the western standards .. you dont know the challenges that India has to face

    • kunal chakraborty

      kunal chakraborty

      9 maanden geleden

      How did those deaths occurred? And on which side of bank counter deaths occurred? No mention of anything that blackened the demonstration. Please neutralize the point of view else someone may call it biased.

    • Strugle


      10 maanden geleden

      Oh make video about India being leader in tik tok

  2. 2x2is22


    23 uur geleden

    How did that TV announcement result in only a few people dead? I would expect the entire country to tear itself apart, especially only being given a three hour notice to exchange bills

  3. Aravind Appadurai

    Aravind Appadurai

    2 dagen geleden

    Is that true 99% of rupees notes are replaced after denomination? Not possible..

  4. Ana Gee

    Ana Gee

    2 dagen geleden

    Demonitisation was implemented not to end the flow of black money,but it was done with an eye on the UP Elections which was just around the corner. Notes were banned so that the opposition parties could not distribute worthless notes to the public in exchange for their vote,whereas BJP had all the new currency notes at their disposal to distribute during elections and finally it won.

  5. 4159 Sivanesan ganesan

    4159 Sivanesan ganesan

    3 dagen geleden

    Little did modi know he made it easier for the criminals to hide the money previously if they could hide 1 million rupees now they can hide 2 million rupees in the same place because we can hide more money with 2000rs notes rather than 1000rs notes

  6. Shubham Aggarwal

    Shubham Aggarwal

    3 dagen geleden

    We indians only know that how difficult was to change the banknotes.



    6 dagen geleden

    Let me give a short explanation Because it was all about propaganda



    6 dagen geleden

    Banning of Indian currency is the worst decisions by modi's government. Modi is not good leader but he is a good liar. Most of the people's in India does not have literacy, Modi promise to give 15lakhs INR to every Indian(on election). Nothing happened only NRC and CCA. Most of the people's in India stuffers because of his ruling. The GDP of India is going down day by day. The lowest GDP in last 24 years. The India is falling. Modi wasted core's for a silly statue for crows and other birds to shit on it. Built highest wall to hide poverty when trump arrives at India. Funniest thing is that he got printed certificate before the university adopted printing facilities. Most of the people believe that the voting machines are hacked. That's why he is re-elected. And Corona save a huge amount of Indian revenue by spoil most of his world tour's.

  9. Rodolfo Vitangcol

    Rodolfo Vitangcol

    7 dagen geleden

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  10. Liam Cahill

    Liam Cahill

    7 dagen geleden

    interesting video

  11. The SS Two

    The SS Two

    8 dagen geleden

    Gandu Modi Didn't get elected He Got selected



    9 dagen geleden

    modi flop

  13. Kishore S

    Kishore S

    11 dagen geleden

    Worst decision ever taken by any govt It killed the Economy

  14. Jainish Patel

    Jainish Patel

    11 dagen geleden

    I remember this, because my birthday was the next day(9 nov). 😢

    • Bhanu Rana

      Bhanu Rana

      10 dagen geleden

      Bro on your Birthday you don't have money to Give party to your Squad 😝

  15. Idi0syncr4tic


    11 dagen geleden

    This was the worst move any politician has ever done! But in India's case, this politician, Modi, makes such mistakes on a day to day basis. He sees the country is going a bit stable, and brings up the worst idea to make it more disastrous. Modi as a prime minister, and bjp/rss as a party is a failure to mankind!

  16. San Anto

    San Anto

    11 dagen geleden

    Apparently, the criminals are smarter then the government, they have their holdings in gold, not bills.

  17. Gurdev Singh

    Gurdev Singh

    11 dagen geleden

    The funny thing is that they got around 10 million new tax payers but lost around 9 million tax payers cause they slip below the poverty line.

  18. Amy Ee

    Amy Ee

    11 dagen geleden

    why don't they convert this all into virtual account instead of printing?

  19. AZDuffman


    12 dagen geleden

    I hope Joe Biden is not watching this and getting ideas

    • Bhanu Rana

      Bhanu Rana

      10 dagen geleden


  20. Arpit .K.D

    Arpit .K.D

    12 dagen geleden

    India is way richer country than what world thinks because majority of its wealth held by people was never accounted on paper.

  21. Akshay Wadhwa

    Akshay Wadhwa

    12 dagen geleden

    Only solution to pay tax is to reduce them. Who the hell gives 35% of ur salary to government as tax

  22. MarvelExtra


    12 dagen geleden

    It was a cheap propaganda to get more votes from a low IQ population. The illusion that he is fighting tax evasion crime to manipulate voters.

  23. Master Dementer

    Master Dementer

    12 dagen geleden

    Bruh if you didn't know all those black money was changed by the bankers with 20% commission or something like that. Everyone knew if they wanted to change large sums of money fast they could do it. Being an NRI at that time it was a huge mess. Cuz my father also had some Indian Cash saved and to get it change you had to go back to India.

  24. Vishnu Aravind

    Vishnu Aravind

    13 dagen geleden

    it was a such a brave move

  25. 97ajf


    13 dagen geleden

    I don't really seem to like india's prime minister, this was a major dick move by him.



    14 dagen geleden

    I remember that year even people who payed taxes(including our family) faced lots of trouble too

  27. Arghya Lo

    Arghya Lo

    14 dagen geleden

    Actually cashless payment ot greatly boosted by covid19 here in India, almost all shop where I live currently now accept UPI, mobile NFC equivalent payment system of India.

  28. lil D

    lil D

    15 dagen geleden

    That one man that waiting to press the "print" button that night: YAAAAAAAAASSSSSSHHH

  29. jaun mendez

    jaun mendez

    16 dagen geleden

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  30. mars venus

    mars venus

    16 dagen geleden

    Just make some. Non sense videos with Half Knowledge. To increase the length of the video fill up with some shit.

  31. Prantik


    16 dagen geleden

    In the labs the scientists experiment on rats, like that Mr. Modi experimentd on 1.4 B of our people and he failed but also brainwashed the people and like that he re elected.

  32. Common Man

    Common Man

    16 dagen geleden

    We don't need Chinese sanctions to destroy our economy. Out government and it's supporters are enough.

  33. Chief AzN

    Chief AzN

    17 dagen geleden

    To same you 8 mins the simple answer is we Indians don't know what's going on anymore Ps not hating i promise

  34. Aadityakiran S

    Aadityakiran S

    17 dagen geleden

    Hit the nail square on the head.

  35. Salman Haider

    Salman Haider

    17 dagen geleden

    Did you ever thought that rich people keep money at home? They deviate their money through real estate, swiss accounts, land, schools, institute which in return give them more im long term. Nobody came out of a BMW, Audi, Ferrari to return their black money. Only poor people stood in line whole day.

  36. Ender Pirate

    Ender Pirate

    18 dagen geleden

    I hope we Indians get a third major party so we don’t have to only choose between congress and BJP maybe one day...

  37. muddi900


    18 dagen geleden

    The hero worship of a mass murderer that has engulfed India will destroy it.

  38. intertwinedinside •

    intertwinedinside •

    19 dagen geleden

    I am not Indian, but from the video alone, I feel like the purpose of having more rich people paying taxes have been achieved. Sad though that there must be people who suffered for losing money for nothing, as it was explained.

  39. intertwinedinside •

    intertwinedinside •

    19 dagen geleden

    This is such a good video! I learnt a lot

  40. Sayan Ranjan Bhowal

    Sayan Ranjan Bhowal

    20 dagen geleden

    Kyunki humlog chutiya hai..aur doosra chutiya ye sab karke humlog ko chutiya bana raha hai

  41. Dev Chaudhary

    Dev Chaudhary

    20 dagen geleden

    Irony: most corrupted party trying to fix corruption

  42. Sarayu Krishna

    Sarayu Krishna

    21 dag geleden

    At 6:17,the election were not conducted in 2017...they were conducted in 2019! Like this if you are an indian

    • Jenil Patel

      Jenil Patel

      15 dagen geleden

      He is talking about UP elections in 2017.

  43. Ab. Sh.

    Ab. Sh.

    21 dag geleden

    I hate to call them leaders when I see people making Chains, Rows or whatever name there plenty in every language. It is directly strike me that their time is worthless and so they are in the prospective of those. They make people suffer for days and even weeks every month. Sadly same here in Algeria, probably only few even heard about its name. duckduckgo.com/?t=ffab&q=%D8%B7%D9%88%D8%A7%D8%A8%D9%8A%D8%B1+%D8%A7%D9%84%D8%A8%D8%B1%D9%8A%D8%AF+%D8%A7%D9%84%D8%AC%D8%B2%D8%A7%D8%A6%D8%B1%D9%8A&ia=web

  44. ToxicDMG


    21 dag geleden

    Its said that the state Modi is from is filled with people who dont give tax, so this is the only thing he did in opposition of his state

  45. Anonymous plays

    Anonymous plays

    21 dag geleden

    As an Indian I firmly reject it, when I checked most of the facts are to some extent wrong!

  46. rameez arshad

    rameez arshad

    22 dagen geleden

    Good thing I save my money as gold 😂😂😂 not in currency bills buried in my backyard

  47. Vedant Goydani

    Vedant Goydani

    22 dagen geleden

    Poorly researched video

  48. AZINGO


    24 dagen geleden

    Chu is leading sorry fuxing India

  49. Esau A.

    Esau A.

    24 dagen geleden

    5:39 get slapped

  50. sniz


    24 dagen geleden

    bruh *Read more*

  51. Yufeng Yan

    Yufeng Yan

    26 dagen geleden

    Subscribe to yufeng Yan.

  52. Deep Singh

    Deep Singh

    27 dagen geleden

    My country is stupid rather than making people pay we make corporation pay , though these companies would provide employment to the same people

  53. Tortuga Almuerzo

    Tortuga Almuerzo

    29 dagen geleden

    I cannot imagine what would happen if such a thing happens in France. Some government heads would be on a pike.

  54. Naman Pathania

    Naman Pathania

    Maand geleden

    Hamare marje kabhi sune nahi kya ki hamare chacha vidhyak hai

  55. Jonah Nelson

    Jonah Nelson

    Maand geleden

    What? I thought only America had problems

  56. Roshan Shaw

    Roshan Shaw

    Maand geleden

    Why India banned it's currency? Ans: Because it can.

  57. krunal soni

    krunal soni

    Maand geleden


  58. krunal soni

    krunal soni

    Maand geleden

    Have u heard about capital gains.

  59. satvik patel

    satvik patel

    Maand geleden

    yea, we're asking the same question. why did we ban our currency!!



    Maand geleden

    🔥🕸️ *Reliance Ambani and Adani helped Demonetization to become Billionaire grace of Narendra Modi* 🐷 🙏🖕

  61. Boss is Right

    Boss is Right

    Maand geleden

    the original expectation: ending corruption reality: nothing everyone got there money back benefit: digitalization

  62. Arindam Chowdhury

    Arindam Chowdhury

    Maand geleden

    This is why Indians should vote for someone like Arvind Kejriwal instead of Modi

    • Farhan Raxa

      Farhan Raxa

      Maand geleden

      @Angad Singh yes but most Indians dont undersrand how parliamentary elections works so they think theyre voting for Modi.

    • Angad Singh

      Angad Singh

      Maand geleden

      Nobody votes for Modi. People vote for their respective MPs. These MPs elect Modi. I don't like Modi but out local BJP leader is very hardworking and deserving, so i vote for him. Simple.

  63. Lakhwinder Singh

    Lakhwinder Singh

    Maand geleden

    This was a one of most biggest blunders made by modi govt.

  64. Chinmay Alat

    Chinmay Alat

    Maand geleden

    PolyMatter is PolyShitMatter 💩💩💩💩💩 Should be reported

    • Chinmay Alat

      Chinmay Alat

      Maand geleden

      @Farhan Raxa Katwa mulla

    • Farhan Raxa

      Farhan Raxa

      Maand geleden

      Chutia bhakt

  65. Burritozi11a


    Maand geleden

    It's not de-monitize-ation, it's demon-itization

  66. Naglak2008


    Maand geleden

    the add at the start of this video was so tupid

  67. Tity Thomas

    Tity Thomas

    Maand geleden

    It was a dark day for India

  68. Techy Jitendra

    Techy Jitendra

    Maand geleden

    Wrost Decision Of Modi

  69. Kshitij Mali

    Kshitij Mali

    Maand geleden

    You missed one point of 2000 rupee note which was bought in after , i realy don't know why

  70. NamuIsHere


    Maand geleden

    Me: forced sterilisation was unethical Modi: hold my gaumutra

  71. Tejas Gadegone

    Tejas Gadegone

    Maand geleden

    B4 making a video clear your facts..

  72. J B

    J B

    Maand geleden

    hahaha...the laughing stock of the world

  73. ZPG ZPG


    Maand geleden


  74. An Intellectual Barbarian

    An Intellectual Barbarian

    Maand geleden

    Imagine if 1.3 billion people pay their taxes. Our government could be the richest

    • An Intellectual Barbarian

      An Intellectual Barbarian

      Maand geleden

      @vinit soni You really think people are paying taxes if gst is introduced? It only applies well to the corporate world. Rest runs mostly on black money. If all the wealth in this nation is white, we don't need to bother about unemployment or proper education

    • vinit soni

      vinit soni

      Maand geleden

      Bro do you really think 1-18 years child can pay income taxes and btw every single person pays taxes in form of gst and do you really think rest of them have salary above 5 lakhs and what about unemployment idiot!!

  75. Akhilesh Chona

    Akhilesh Chona

    Maand geleden

    You don't know why it succeeded cause u are not an Indian, a good economist and u didn't research well. You don't now anything about the grassroot changes which took place. It's planning had started from 2014 only by government's policy to promote banking (mainly in rural area and suburban areas) . This was not supported by only the people having hefty reserves of black money .

  76. Chaitanya Meher

    Chaitanya Meher

    Maand geleden

    Who else is watching this during the lockdown, and this 1:11 does not make sense?

  77. Ddk Kumar Ddk

    Ddk Kumar Ddk

    Maand geleden

    Hello, I come from the boss of "My gold game" company, I want to talk to you about our company's business cooperation. Please contact me! You will get rich returns, and our company guarantees that you can get commissions every day. This is mine (Telegram) +91 80022 12684

  78. Great Indian Builder

    Great Indian Builder

    Maand geleden

    About 150-175 people died in the whole process. I am Indian and I hate this descision.

  79. Mansoor Ahmed

    Mansoor Ahmed

    Maand geleden

    No offense Modi sounds like moti (fat girl) (Don’t start a war)

  80. Kumar Anurag

    Kumar Anurag

    2 maanden geleden

    U did not even mention about the fake notes which were being smuggled! So, as it is said, don't trust everything you watch on NLcameras!

  81. Viraj Patel

    Viraj Patel

    2 maanden geleden

    For no reason!

  82. Binoy Kp

    Binoy Kp

    2 maanden geleden

    There's an another aspect to demotivation the former PM pointed out- "organised loot and legalised plunder".

  83. SkatingProductions1


    2 maanden geleden

    If I lived in India I would hate my life

  84. World Is Not Enough

    World Is Not Enough

    2 maanden geleden

    Learn something about hyperinflation with high denomination notes. Then you will understand why it was done.

  85. Sravan Harsha

    Sravan Harsha

    2 maanden geleden

    Now India is largely turning towards online and cashless payments

  86. Sivaraj Kumar

    Sivaraj Kumar

    2 maanden geleden

    We can all agree that it was a dumb decision that failed terribly even though the motive was good.

  87. Sandy X

    Sandy X

    2 maanden geleden

    As someone closely involved int he financial sector in India, I can confidently bday that almost every number you mentioned in your video was wrong. You need to do better research.

  88. Ayush Raj

    Ayush Raj

    2 maanden geleden

    Modi hai toh Mumkin hai🤣🤣🤣

  89. rohit


    2 maanden geleden

    Actually Indians don't run from tax it is if you earn less than 10 lakhs per year you don't have to pay income tax

  90. Shoaib Shaikh

    Shoaib Shaikh

    2 maanden geleden

    Elect a clown, expect a circus!

  91. sharayu.s


    2 maanden geleden

    says the Reserve Bank of India shows State Bank of Hyderabad's small branch from some village / subtown lmao i cant believe showing pictures of only poor side of India satisfies your white superiority complex.

  92. shubham saroj

    shubham saroj

    2 maanden geleden

    I am an Indian and live in India and I didn't knew we banned 86% of our currency😒😞☹️😭😑. Wtf

  93. bob laryson

    bob laryson

    2 maanden geleden

    What a retarded economic move

  94. Shubham Munjamkar

    Shubham Munjamkar

    2 maanden geleden

    Changing the currancy notes every 10 years is written in our constitution...

  95. Vaibhav Jain

    Vaibhav Jain

    2 maanden geleden

    Modi gandu hai khuxh nahi hua bas logo ne apni ma choud di

  96. Vamsee Krishna

    Vamsee Krishna

    2 maanden geleden

    people think it is a dumb move . But , in India poor voters/citizens watch low quality indian movies which potray that black money is often stored in 500 and 1000 rupee denomination. There are movies in which "robin hood" type of protagonists steal trucks of cash from corrupt politicians. In India poor and uneducated out number educated people. So , when such a misconception is developed in their brains they supported government's move even though they were facing problems thinking they were suffering for a greater cause. This is a well thought strategy by BJP party 's cheif strategist Amit shah. Eventually , BJP destroyed their opponents in 2018 up state elections and 2019 national election. This is a classic example of wealth inequality and the rich wants the poor to stay poor.

  97. SAN KRIS


    2 maanden geleden

    സാധനം കൈയിൽ ഉണ്ടോ??

  98. Chriz R

    Chriz R

    3 maanden geleden

    About the terrorist, lemme tell you, they actually paid the bank officials and exchanged their money in secrect, and indians we know this but in the end, we almost died because of a political stunt

  99. Bush Bumkin

    Bush Bumkin

    3 maanden geleden

    American kids be like are they buy iphone 11 professional maximum 3:56

  100. I 'm No one

    I 'm No one

    3 maanden geleden

    CHAOS - "Demonetization by Modi"