The conversation between human and AI assistant.
What do you think will be the effect of Modi Government's decision of invalidating the RS 500 and RS 1000 notes?
Has the demonetization achieved its intended goals?
It's difficult to assess the full impact of the demonetization at this point, but the move has certainly had some success in reducing the circulation of black money and counterfeit notes. There was also a significant increase in tax compliance during the post-demonetization period. However, it remains to be seen how much the demonetization will impact terrorism financing and illegal activities in the long run.