Separatists and their Pakistani-handlers, largely believed to be behind the ongoing unrest, were pumping in money to keep the turmoil going. Most transactions takes place in big currency notes as the stone-pelter would charge at least Rs 500 per day.
Social media is also abuzz with the relative calm in the Valley.
Security forces in the past have received complaints that separatists were paying stone- pelters and other anti-national elements.
The government had said that the demonetiation move would not only prevent corruption and hoarding of black money but also go a long way in curbing terror-funding.
Opposition parties — Congress, JD(U), Trinamool Congress, CPM, CPI, RJD, JMM and the YSR Congress, which are likely to be joined by BSP, DMK and possibly SP, will not let Parliament function the month-long winter session of Parliament and try to put the BJP-led government on the mat over the demonetisation issue.