The conversation between human and AI assistant.
Will banning of Rs.500 and Rs.1000 currency notes affect the economy?
What kind of impact do you think it will have?
It is expected to have short-term negative effects on businesses and the common people, as they will face difficulty in exchanging the banned currency and accessing cash. On the other hand, it may have long-term positive effects on the economy by curbing black money and promoting digital transactions.