The conversation between human and AI assistant.
How exactly does banning Rs 500 and Rs 1000 notes curb the problem of black money?
But won't people just find other ways to hoard cash?
Yes, that is a possibility. However, it will become much more difficult to hoard large amounts of cash, as the new currency notes will have higher security features and be more trackable. Additionally, the crackdown on black money is not limited to just note ban, but also includes other measures such as demonetization, tax reforms, and stricter regulations.