The conversation between human and AI assistant.
What are your views over discontinuation of Rs 500 and Rs 1000 notes? What will be it’s outcome ?
What are some potential long-term effects of this decision?
Well, in the long-term, this move could lead to a decrease in corruption and the use of black money. It could also encourage a shift towards digital transactions and promote financial literacy. However, it could also lead to increased inequality, as lower income and rural populations may struggle to adapt to the new system.