The conversation between human and AI assistant.
Why did the government produce new notes of ₹2000 instead of new ₹1000 notes?
Why didn't the government just produce more ₹1000 notes then?
The government believed that producing more ₹1000 notes would simply add to the amount of currency in circulation without solving the underlying problem of too many small denomination notes. Also, there were concerns about counterfeit notes in circulation, which is why the government decided to introduce a new, more secure ₹2000 note instead.