The conversation between human and AI assistant.
What will be the impact of banning Rs. 500 and Rs. 1000 on the Indian economy?
How do you think it will affect the common people?
The banning of high-value notes is likely to create a short-term cash crunch, inconvenience, and confusion for ordinary people who depend on cash for their daily transactions. However, in the long run, it will help to bring unaccounted money into the formal economy and increase transparency.