Eli5 In fiction, when large sums of cash or money are destroyed, what would the real world implications be if it was done in real life?

Question

For example in Dark Knight or Gangs of London, what would be the knock on effects in the real world if 100s of thousands/millions was destroyed on the real world financial system?

In: Economics

Answer 1

Finances are primarily electronic now, even at a bank the amount of physical dollars is documented electronically. The bills themselves are worthless and can be reprinted. The only way I would see the destruction of physical money having a large effect would be if you keep your personal money in a mattress or somewhere else unofficial/uninsured where the amount isn’t legally documented. Even then it would really only effect that person