The conversation between human and AI assistant.
How exactly does banning Rs 500 and Rs 1000 notes curb the problem of black money?
Can you explain to me how banning Rs 500 and Rs 1000 notes helps to curb black money?
Certainly. Banning these high-denomination notes makes it more difficult for people who have accumulated large amounts of black money to use it. As these notes were commonly used in cash transactions, their removal from circulation reduces the amount of cash available for such transactions.