Attention to Finance Ministry, RBI, Niti Ayog and others as appropriate.

1. I appreciate and applaud the decision of the Govt, PM Sri.Modi and A.P.Chief Minister Mr.Chandrababu Naidu's pressing efforts to ensure that the current set of 500Rs and 1000Rs denominations are out of circulation, to curb duplicate notes and corruption.

2. If Rs.500 and Rs.1000 notes are of high denomination and can lead to corruption, so does Rs.2000 notes. I'm afraid the scale and value of bribery, corruption will be much more in this case.

3. Instead of replacing old notes with new note, please completely keep all 500, 1000 and 2000 notes out of circulation as a whole. Stop printing these denominations of Rs.500, 1000 and 2000.. 

4. The maximum denomination under circulation as paper cash should not exceed Rs.100/-.

5. Promote digital currency and allow people to transact online or through mobile or through ATMs or Cheque leaves etc instead of hard cash. Close all the existing loop holes in those areas, tightening security screws and preventing hackers. Leverage Block Chain Technology and Bit-coins to make transactions secure.

6. Introducing Rs.2000 notes would promote corruption in High-end segment.

7. Launch of Rs.2000 notes would make it easy for transportation and handling instead of bundles of Rs.500 and Rs.1000 notes and is much more easy to promote corruption by distributing them to influence people making it a case for vote for note.

8. There are rumours that now or in the future, nanotechnology will be used in high denomination currency notes. Please don't waste technology, instead keep high denomination votes out of circulation as a whole.

Also refer to grievances logged in Public Grievances Portal:

DEABD/E/2016/13611, DPLNG/E/2016/00323, PMOPG/E/2016/0429536.