The conversation between human and AI assistant.
Which are the positive benefits of banning existing ₹500 and ₹1000 currency notes in India?
Can you tell me about the positive benefits of banning existing ₹500 and ₹1000 currency notes in India?
Certainly! One positive benefit is the reduction of black money in the economy, as people with large amounts of cash hidden from taxes or illegal activity will have a harder time exchanging it. Additionally, it can also help curb corruption and promote the use of digital transactions.