The conversation between human and AI assistant.
What will be the impact of banning Rs. 500 and Rs. 1000 on the Indian economy?
What kind of disruptions?
The ban may cause a temporary shortage of cash, affecting small businesses and daily wage earners who depend on cash transactions. There may also be challenges in smoothly implementing the changes in the banking system and replacing the old currency with new ones. However, the long term benefits could outweigh these challenges.