The conversation between human and AI assistant.
How effective is scrapping 500 and 1000 rupee notes? Will it reduce black money?
How about other countries? Do you think they should follow India's example?
The specifics of the demonetization policy in India might not be transferable to other countries, especially those with different economic structures or political systems. But policymakers around the world are looking at the Indian experience with great interest. Some countries have already introduced similar measures or considering adopting them to combat money laundering and the informal economy. However, each country must weigh the trade-offs and context-specific implications of such policy measures.