The conversation between human and AI assistant.
Will the initiative to ban ₹500 and ₹1000 notes succeed in curbing all the Black money getting circulated? How about Black money saved in Swiss banks?
But what about the black money saved in Swiss banks? How will the demonetization affect that?
The demonetization of high-denomination currency notes in India is unlikely to affect the black money that Indian citizens have stashed away in Swiss banks. However, it might make it more difficult for people to convert their black money to foreign currency and deposit it in Swiss banks in the future.