The conversation between human and AI assistant.
How is replacing 1000 rs notes with 2000 rs notes going to make black money hoarding a lot harder?
But couldn't black money hoarders just switch to hoarding smaller denominations instead of the 1000 rs notes?
While that is a possibility, it would make it much more difficult for them to hoard large amounts of cash in smaller denominations. It would also make transactions much more time-consuming, and thus discourage illegal transactions.