The conversation between human and AI assistant.
Is scrapping old 500 and 1000 rupees notes and releasing new 500 and 2000 rupees notes a permanent solution for eradication of black money?
What are the pros and cons of this move?
On the one hand, scrapping old notes can reduce the circulation of black money in the economy. On the other hand, it can also cause inconvenience to ordinary people who rely on cash transactions for their daily needs.