The conversation between human and AI assistant.
How does banning 500 and 1000 rupee notes help to control black money?
Can you explain to me how banning 500 and 1000 rupee notes helps to control black money?
Sure. By banning these denominations, the government aims to curb the flow of unaccounted cash in the economy, which is often used for illegal activities like terrorism and money laundering. It also encourages people to switch to digital transactions, increasing transparency in the financial system.