We have the same thing happening in my country. The election is near, and campaigning has started. The present government is already asking us to bring our cash and deposit them in the bank. Why? This is because they want to create a new currency.
And I see this to mean exactly what you said above, they are trying to use bait to make us forget the last ugly 8 years of the present President.
In my thoughts, I am often glad that there's crypto, as it stands I don't even have the cash to take to the bank. Crypto saves the day all the time. And my government's currency printing and manipulation have no power over those who have chosen a decentralized system/economy instead of their inflation-influenced currency.
In a lot of countries with shady economies manipulated by governments, crypto has been a huge helping hand. It is pretty good evidence of the possibility, which is part of the reason why so many "stable" governments want to destroy it.
Hope things go well for you in the coming months.