On this day in 2016, Prime Minister Modi addressed the nation and announced demonetisation of high-value currency notes of ₹500 and ₹1,000. New Delhi: "Notebandi" devastated the economy and "votebandi" is destroying the polity, the Congress said on Sunday, adding that both are contributions of Prime Minister Narendra Modi.. Cong questions legacy of demonetisation, while Scroll analysis points to return of almost all the scrapped currency to the banking.