The conversation between human and AI assistant.
Is this move of banning 500 & 1000 Rupee notes right?
What has been the impact of this move so far?
The initial impact was mixed, with long queues at banks and ATMs, some disruption in the informal sector, and a decrease in certain sectors such as real estate and luxury goods. However, the government claims that it has led to an increase in the number of taxpayers, a decline in terrorist activities, and a boost to digital payments. The long-term effects are yet to be seen.