The conversation between human and AI assistant.
What are prons and cons of banning and replacing ₹500 and ₹1000 Notes in India?
What about the impact on businesses?
Banning and replacing these notes could affect businesses that rely heavily on cash transactions. For example, small businesses and vendors who deal in small denominations may face significant challenges in the short-term. On the other hand, the move could promote greater adoption of electronic payment methods and could benefit businesses that are already geared towards digital transactions.