The conversation between human and AI assistant.
How is black money curbed with the ban of 1000 rupee notes and introducing new 500 and 2000 rupee notes?
Can you explain why the impact might not have been as significant as hoped?
There are a few reasons that have been suggested for why the impact might not have been as significant as hoped. For one, the unaccounted wealth that was held in high currency notes may have already been converted into other assets before the demonetization was announced. Additionally, there were logistical issues during the transition period, such as a shortage of the new currency notes, which may have hampered the effectiveness of the move.