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?
Do you think the introduction of new 500 and 2000 rupee notes will help solve the problem?
The introduction of new notes may help in reshuffling the currency and curbing the circulation of black money in the short term. However, it's not a long-term solution because the root cause of black money is the lack of transparency in economic transactions.