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How will the demonetization of Rs 500/1000 notes finish the black money in the market exactly?
Can you tell me how demonetization of Rs 500/1000 notes will finish black money in the market exactly?
When Rs 500/1000 notes are demonetized, people who have accumulated black money will face difficulty in exchanging it for legal tender. This could lead to a decrease in the circulation of black money in the market. Additionally, with the introduction of new currency notes, the government can keep a better track of the circulation of money and prevent the hoarding of black money.