The conversation between human and AI assistant.
How banning 500 and 1000 rupee can affect black money?
That's interesting. Can you explain how it can discourage black money holders?
Sure. Banning high denomination notes forces people who hold large amounts of black money to deposit them in banks, which can then be tracked by the government. Also, since the government has made it difficult to exchange old notes for new ones, people with black money cannot easily convert their cash holdings into legal tender.