The conversation between human and AI assistant.
What might be the effect of banning currency notes of 500 and 1000 on economy?
What difficulties do you think they might face?
Some businesses might find it harder to conduct transactions, especially if they mainly deal with cash. Individuals who have a lot of cash savings might also find it difficult to exchange their old notes for new ones. Additionally, black market activities could increase as people try to find other ways to conduct their transactions under the radar.