Right, so asides from the massive rebalancing of control and power away from the pockets of individuals earning that cash, to the digitally controlled banker-centric economy, how does this move stop the myriad workarounds that any oppressed society is capable of by virtue of the ingenuity of any human being under pressure (as any form of prohibition.)

Any amount that exceeded the limited allowance of old notes was apparently distributed amongst extended family members in order to legitimise it after this move. Nevertheless, the coup remains in the banks favour of course...

I am here visiting India the last month and experiencing the tightly controlled drip feed allowance of cash back to the "owners" of that currency now that it is held by the banks. Hmmm.

And neither does this move arrest corruption at the base level, where for example I was stopped by a cop here in Goa last week who, after exacting a spurious penalty of R2000, accepted R200, as that was all the cash I had on me - and into his shirt pocket that went, and off we drove...