The conversation between human and AI assistant.
How exactly does banning Rs 500 and Rs 1000 notes curb the problem of black money?
Can you explain to me how banning Rs 500 and Rs 1000 notes will help curb the problem of black money?
Yes, sure. The government's move to ban high denomination currency notes is aimed at curbing the problem of black money by disabling the stockpiles of cash held in unaccounted wealth. Since the Rs 500 and Rs 1000 notes are commonly used to make black money transactions, their removal from circulation can be seen as a crucial step in eradicating corruption and reducing illegal activity in the country.