The conversation between human and AI assistant.
How will the scrapping of Rs 500 and Rs 1000 notes help in reducing black money and corruption?
But what about people who have already amassed large amounts of black money? Won't they find ways to convert it into other forms?
That is a possibility. However, the government has introduced several measures to prevent the conversion of black money, such as limiting withdrawals and deposits of large sums of cash and increasing surveillance and scrutiny of banking and financial transactions.