Everyone in India remembers where they were on 8th November – and exactly how much cash they had in their wallets at the time. Abdul Qadr was flicking through TV channels at home and waiting for his wife to serve dinner when his attention was caught by a breaking news bulletin. “I had 5,000 rupees [£60], all in 1,000s and 500s,” he says. “When I saw the announcement, I was very worried.”
The news was that prime minister Narendra Modi had abolished 500 and 1,000 rupee notes, rendering 85 percent of the cash in circulation in India unuseable with immediate effect.