The new notes are in circulation and the ATM withdrawal limits will be waived off from Feb 1st, that’s good news! Now Wait a minute, does this mean that I can grab infinite amount of cash from the teller machine;
theoretically Yes, but what if the cash is siphoned off in between to replenish the previously demonetised ill gotten money!.
Waiving off the withdrawal limit indicates that adequate paper money has to be printed and circulated. This indeed seems to be a lucrative opportunity for anyone who is willing to exert adequate political pressure on the financial system to manipulate the books to cause a bypass.
Once the replenishment has reached exorbitant levels, the withdrawal limit is always there to be enforced all over again to the dismay of commoners who were taken for a roller coaster ride!!