The conversation between human and AI assistant.
Replacing 500 and 1000 notes- how will this move reduce black money?
That makes sense. But do you think this move will have any negative impacts?
There is always the possibility that in the short-term, there may be some disruptions as people adjust to the new currency system. Additionally, some individuals who have been hoarding large amounts of black money may try to find new ways to hide their wealth, such as investing in assets like gold or real estate. However, the hope is that the long-term benefits of this move will outweigh any immediate challenges.