They only had 17 days? That's ridiculous; normally they would just stop printing them and have them be taken out of rotation in a natural fashion (e.g. bank deposits, but that assumes cash is eventually deposited and converted to a number in a bank account).
The goal of that campaign was not to change which denominations are in circulation, but rather quite explicitly to confiscate unaccounted-for wealth stored as piles of cash - that's why there were all kinds of quantity limits, and also the time limit to ensure that those who had a lot of such cash could not effectively launder most of it.
Yes. Unless this Wikipedia page is horrifyingly misleading.
But this alone would ensure that I would keep all my funds into something more trustworthy. Even freaking Bitcoin starts to be a sane solution, to say nothing about dollars/euro/gold.