I still don’t see how any of this stops black money?
I am sure I am missing something...
I think it’s supposed to prevent large cash bribes, mostly. It’s not too difficult to hand over a couple of lakhs when you can use 1000s, but when you’re restricted to 100s, it becomes a lot more awkward. This won’t do much for the really big sums that change hands, since they manage to happen electronically despite controls, but it might put a small dent in municipal-level corruption and bribing state politicians.
Good for GOLD......keep it up tyrants!!!!!