The conversation between human and AI assistant.
How can scrapping use of 500 and 1000 rupee currency notes in India solve problem of corruption?
I want to discuss the recent decision to scrap 500 and 1000 rupee notes in India. How do you think it will solve the problem of corruption?
Well, one of the main reasons for this move was to curb black money and corruption. As a large amount of unaccounted cash is kept in these high-denomination notes, scrapping them could make it harder for people to engage in illegal activities involving cash transactions.