The conversation between human and AI assistant.
Why do economists, bankers are not in favour of Demonitisation?
Has demonetization been successful in achieving these goals?
The effectiveness of demonetization in achieving its goals has been a point of debate. While it did lead to a significant short-term drop in currency in circulation, it also caused economic disruptions and hardships for many citizens who rely on cash for their daily transactions. It is difficult to measure the long-term impact on tax evasion, black money, and fake currency circulation.