The conversation between human and AI assistant.
How will the ban of Rs500 and Rs1000 help government? What will be the effect if destroy notes white money and black both?
That makes sense. But what about the people who have these notes and can't exchange them before the deadline?
Those who are unable to exchange their banned notes before the deadline are given a window to do so, but after that deadline the notes will become useless. The impact of this on the economy in the short-term will depend on the proportion of unaccounted money being held as these high-denomination notes.