The conversation between human and AI assistant.
How the black money be recovered by simultaneously demonetising 500, 1000 notes and introducing 500 , 2000 notes?
But won't people just hold onto their black money in the form of smaller denominations, like 100 rupee notes?
While it is possible for people to hold onto smaller denominations, it is much more difficult to stash away large amounts of cash in smaller denominations as it takes up more space and is less convenient for transactions. Additionally, the government can track and investigate large cash deposits more easily when smaller denominations are used.