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What might be the effect of banning currency notes of 500 and 1000 on economy?
I would like to talk about the effect of banning currency notes of 500 and 1000 on the economy. What is your opinion on it?
Well, from an economic standpoint, banning those notes can have both positive and negative effects. For example, it could help reduce the amount of black money circulating in the economy, which is good for the government. However, it could also cause short-term difficulties for small businesses and individuals who rely on cash transactions.