The conversation between human and AI assistant.
How exactly does banning Rs 500 and Rs 1000 notes curb the problem of black money?
But won't people just start using other denominations to continue making black money transactions?
The government's intent is to make it difficult for people to engage in black money transactions by limiting the availability of large denomination currency notes, which are often used to make large, untraceable transactions. While there may be other denominations available for use, the inconvenience caused by the lack of Rs 500 and Rs 1000 notes will slow down the process and make it harder to move large amounts of unaccounted cash around without attracting suspicion.