The conversation between human and AI assistant.
How exactly does banning Rs 500 and Rs 1000 notes curb the problem of black money?
But won't people just find other ways to hoard and use cash?
That's a possibility, but it's still a step in the right direction. By removing a large amount of cash from the economy, it creates a ripple effect that makes it harder for people to engage in illegal and unethical activities. It also encourages more people to use digital payment methods, which can further reduce the use of cash in the economy.