The conversation between human and AI assistant.
What will be the pros and cons of the replacement of 500 and 1000 currency notes by the Indian govt.?
That's true. Are there any other pros?
Another pro is that the replacement of currency notes can lead to increased use of digital payments, which can be beneficial for both businesses and consumers. It can also help in promoting a cashless economy, which can reduce the incidence of tax evasion.