I think it's dumb to make all of the old note not legal-tender as soon as the new system comes out. It's going to be mass chaos and I don't think redesigning will help much at all. I also don't trust the government and how they spend either. It's just a way to siphon money from the normal citizen to the rich/powerful.
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You are right, it is a way to siphon money from the poor people to the wealthy people. As you have said there is already chaos in the system, girls is happening in the central and commercial Bank as we speak and we do not really know what games the people at the top are playing.