The conversation between human and AI assistant.
What will be the impact of banning Rs. 500 and Rs. 1000 on the Indian economy?
Do you think it will reduce corruption and black money in the long run?
Yes, the move to demonetize the high-value notes is expected to help reduce corruption and black money in the long run. By making it difficult to hold large amounts of unaccounted money in cash, the government is incentivizing people to move their money into the formal banking system, which will increase transparency and accountability.