A conceptual image questioning the success of India’s 2016 demonetization, showing new currency notes and a question about black money.

A hand on the left holds a fan of new Indian currency notes, including the 2000, 500, 200, 100, and 50 rupee bills. On the right, a magnifying glass rests on a dark surface, pointing towards stacks of coins. An overlaid white text box on the right side poses the question in all-caps: 99.3% NOTES RETURNED SO WHERE DID THE BLACK MONEY GO?

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