The conversation between human and AI assistant.
Why does 500 and 1000 Rs notes banned by GOI and new notes of 500 and 2000 are issued?
Did the demonetization impact small scale businesses?
Yes, small scale businesses were particularly hard hit by the liquidity crisis caused by demonetization. Many small businesses rely heavily on cash transactions and were unable to operate during the currency shortage. Some businesses even had to shut down completely due to a lack of working capital.