The conversation between human and AI assistant.
How will the demonetization of Rs 500/1000 notes finish the black money in the market exactly?
I am curious about demonetization. Can you tell me how the demonetization of Rs 500/1000 notes will finish the black money in the market exactly?
Sure! By making the Rs 500/1000 notes invalid, the government is trying to create a sense of urgency for people with black money to come clean and deposit their money in the bank. This will make the money legitimate and can be taxed by the government.