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Full text: PM Modi's 2016 demonetisation speech that shocked India

Today, on the anniversary of India's biggest-ever monetary gambit, the government and the Opposition are heading for a clash

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A bank employee applying ink to a customer on exchange of 500 and 1000 rupee currency notes at a SBI branch in New Delhi. (Photo: PTI)

BS Web Team New Delhi

Last Updated : Nov 08 2017 | 10:33 AM IST

On November 8, 2016, Prime Minister Narendra Modi announced his government's demonetisation drive in a shock move. Today, on the anniversary of India's biggest-ever monetary gambit, the government and the Opposition are heading for a clash as they observe the 'anti-black money day' and 'black day', respectively.

While the political parties duke it out, the impact of the note ban and all its possible consequences are still being debated.

Here is PM Modi's 2016 speech announcing the note ban:

My dear citizens

I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to

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