why 2000 rupee note, when the objective is to reduce the higher denomination currency?

Q; If the aim of demonetizaton is to reduce the size of cash economy and contain thee higher denomination currency of 500 and 1000, why the hell 2000 note was introduced ?Sam ,Why 2000 rupee note then ? Is it not idiotic and irrational?

Out of 16 or 17 lakh crores plus money in circulation13.5 lakhs were in the denomination of 500 and1000.It is unfortunate that only in our country higher denomination notes constituted a larger proportion nearly 87% of total money supply. While launching demo the intention must have been to reduce the higher denomination component but instead 2000 rupee note was put into circulation to replace the old 500 and 1000 .

Along with you , friends it is time we asked the  following few questions ; if that is the case why the hell the government thought it fit to introduce 2000 note as the replacement currency ? To give  more fillip to the politician suit case demand for money and facilitate more corruption  and generate more black money as it is easy to store and carry ?Is it  the  currency reform and  can it be called  a regime change for unearthing black money ? How is it that even when the new currency was introduced many boxes and bundles of them could be retrieved by the raids ? Did the culprits responsible for transmitting this cash to  be passed on to the crooks  found out and punished ?How did the counterfeit currencies  emerge quickly  defying the chips and other security features  contained in the new notes ?!I have read from Dr C Rangarajan that the  note had  more security features.Was it really true ?

Currency component of black money was hardly touched and the emergence of fake notes could not be prevented; people with and without bank accounts could not claim their hard earned money , but the crooks were sitting on the cash – the new money .The bankers were sitting on the mountain of cash (deposits) but they could not (did not want to ) lend .In a few cases there was no credit demand . This acute cash and credit crunch choked demand, reduced the consumption and investment expenditure, and thus injected the recessionary tendencies .

Now at the election time ,you see the power of black money in oiling the wheels of the electoral process .suppose imagine there is no cash at all ;November Modi india /How will the candidates win election and spend..everything will be digital..;there will be transparency …all politicians will sulk and suffer..

Thank god ,old notes have been converted into new and all the political parties are happy ,cash has returned , sorry black money has become king  and returned with a bang ,as Keynes has returned after the global financial crisis.