The conversation between human and AI assistant.
How does the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
How are the authorities ensuring that people are not exchanging old currency for new currency without declaring the source of the money?
The Reserve Bank of India has implemented several measures to prevent illegal exchange of currency, including monitoring cash deposits over a certain threshold, scrutinizing large-scale transactions, and deploying special task forces to investigate suspicious activity.