The conversation between human and AI assistant.
Banning 500 and 1000 rupee notes is appreciated but why is the government bringing 500 and 2000 rupees again into the market?
That makes sense. But won't introducing these larger denominations lead to the same problem as before, with people hoarding cash and not using the banking system?
The government has also implemented several measures to promote digital transactions and reduce the use of cash, such as cashback rewards for using digital payment methods and increasing the number of POS machines available. The reintroduction of larger denominations is just one aspect of their overall strategy.