The conversation between human and AI assistant.
How will releasing new 500 and 2000 rupee notes help in eradicating black money?
Can you explain to me how releasing new 500 and 2000 rupee notes will help in eradicating black money?
The new notes have enhanced security features that make it difficult to counterfeit them, thus reducing the circulation of fake currency in the market. It also encourages people to deposit their money in banks, making it easier to track and regulate the flow of money, thus reducing the amount of unaccounted wealth or black money in the economy.