The conversation between human and AI assistant.
1000 and 500 notes have been banned in Indian. What will be the short and long term impact of this?
Are there any negative consequences of this move?
In the short term, the move might cause inconvenience to people who have immediate cash requirements. Also, the informal sector might face difficulties in continuing their businesses as they largely depend on cash transactions. However, in the long term, it is expected to have a positive impact on the economy and will promote a cashless society.