The conversation between human and AI assistant.
How could bringing in new 500 and 2000 rupee notes by the Indian govt eradicate black money?
Can you tell me how bringing in new 500 and 2000 rupee notes by the Indian government can eradicate black money?
Sure, the idea behind the demonetization was that the people who have black money would not be able to convert their cash into new notes because they would not have proof that they acquired that money legally. The new notes also have advanced security features that make it harder to counterfeit them, so this makes it easier for authorities to track illegal money transactions.