The conversation between human and AI assistant.
Why did the Indian government demonetize the current 500 and 1000 rupee notes and replace them with new notes?
Did demonetization achieve its intended objectives?
It is debatable whether demonetization achieved its intended objectives. While it did lead to a significant reduction in the circulation of black money and counterfeits, the cost of implementation and the short-term negative impact on the economy have been criticized by some.