The conversation between human and AI assistant.
What will be the effects after banning on 500 and 1000 rupee notes?
Can you tell me what will be the effects after banning 500 and 1000 rupee notes in India?
Sure, the main effect of the ban on 500 and 1000 rupee notes was to combat black money, corruption and counterfeit notes in the economy. Additionally, it led to a rise in digital transactions and a decrease in cash transactions.