The conversation between human and AI assistant.
What is the reason behind the sudden discontinuance of 500 and 1000 notes by PM Modi?
How did discontinuing 500 and 1000 notes help combat corruption and black money?
The demonetization of higher value currency notes made it difficult for people with large sums of black money to exchange them for legitimate currency, as they would have to provide valid identification and account information. This move also made it easier for the government to track cash transactions and identify any illegal activity.