The conversation between human and AI assistant.
How will the new currency notes of denomination 500 and 2000 curb black money?
How does demonetization help in curbing black money?
Demonetization involves withdrawing old notes from circulation and replacing them with new ones. This makes it harder for people to use their hoarded cash since the old notes become useless. In addition, the government can track the exchange of old notes to identify people who may have been hoarding black money.