The conversation between human and AI assistant.
Is scrapping old 500 and 1000 rupees notes and releasing new 500 and 2000 rupees notes a permanent solution for eradication of black money?
What do you think could be a long-term solution to this problem?
A long-term solution would be to improve transparency in economic transactions and to enforce strict laws to prevent tax evasion and money laundering. This would require a concerted effort from the government, private sector, and civil society to promote good governance and accountability.