The conversation between human and AI assistant.
What as your reaction when your heard about the scraping currency notes of INR 500 and 1000?
Do you have any information on why the Indian government decided to scrap the currency notes?
Yes, the Indian government decided to demonetize the INR 500 and 1000 currency notes in 2016 to address the issue of black money and corruption in the country. The government believed that this move would help to curb the circulation of counterfeit currency and promote a cashless economy.