The conversation between human and AI assistant.
Which are the positive benefits of banning existing ₹500 and ₹1000 currency notes in India?
What about the impact on small businesses or individuals who rely on cash transactions?
It is true that the sudden ban can cause inconvenience or even short-term losses for some individuals, but in the long run, it can lead to a more transparent and efficient economy. Furthermore, the government has taken steps to provide alternative means of exchange or temporary relief for those affected.