The conversation between human and AI assistant.
How banning 500 and 1000 rupee can affect black money?
Can you tell me about how banning 500 and 1000 rupee can affect black money?
Sure. When these high-value currency notes are banned, people holding large amounts of unaccounted or illegal cash will have to either deposit it in banks or face the risk of it becoming worthless. This makes it harder for them to use their illegal funds for purchasing of anything, as well as making it harder to launder the money.