The conversation between human and AI assistant.
How will the demonetization of Rs 500/1000 notes finish the black money in the market exactly?
Can you explain to me how the demonetization of Rs 500/1000 notes will finish the black money in the market exactly?
Sure! Demonetization of high-value notes means that people will have to exchange their old notes at the bank for new ones. This puts a brake on black money hoarders since they will not be able to exchange their illegal notes without arousing suspicion.