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How can changing 500 and 1000 rupee notes end the black money in India?
I want to know how changing 500 and 1000 rupee notes will help to end black money in India.
The idea behind changing the currency notes is to flush out unaccounted or untaxed money, which is often referred to as black money. When the country withdraws high-value notes from circulation, people who hold large piles of cash in these notes must either exchange them for new notes or face the risk of their money becoming worthless.