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What are the full implications of the Indian government's decision to withdraw all the old 500 and 1000 rupee notes from circulation?
Can you tell me what are the full implications of the Indian government's decision to withdraw all the old 500 and 1000 rupee notes from circulation?
The Indian government's decision to withdraw all the old 500 and 1000 rupee notes from circulation has several implications. One of the primary objectives of the move was to reduce the circulation of black money, corruption and counterfeit notes. However, it has also led to a temporary cash crunch and long queues at banks and ATMs.