The conversation between human and AI assistant.
Why do economists, bankers are not in favour of Demonitisation?
Can you explain why economists and bankers are not in favor of demonetization?
Economists and bankers are skeptical of demonetization because it can disrupt the economy by causing a shortage of cash, which could affect businesses that rely on cash transactions, and slow down economic growth. They also have concerns that demonetization can potentially lead to increased corruption and illegal activities.