The conversation between human and AI assistant.
How will releasing new 500 and 2000 rupee notes help in eradicating black money?
That makes sense. But won't people just find other ways to hide their black money?
It's true that some people may try to find other ways to hide their black money, but the government can also take measures to crack down on such practices, such as tightening tax laws and increasing surveillance on suspicious transactions. Additionally, the new notes also make it more difficult to store large amounts of cash as compared to smaller denominations, discouraging people from hoarding cash and instead using formal banking channels.