The conversation between human and AI assistant.
Why is government issuing a new Rs 2000 note and not Rs 1000 back again?
That makes sense. But why did they choose Rs 2000 instead of another denomination like Rs 5000 or Rs 10000?
The government chose Rs 2000 because it was a convenient denomination for people to hold for their daily transactions, and it also helped in reducing the number of notes in circulation since Rs 2000 notes had a higher value than most other denominations. Additionally, printing notes in larger denominations like Rs 5000 or Rs 10000 can also lead to problems with hoarding of cash, counterfeiting, and other illegal activities.