Why hasn’t the government released bills bigger than $100, considering the various products nowadays that go above $1000? What kind of changes will we see and what kind of impact would it have?
Edit: By government, I mean US Government. thanks for pointing the ambiguity out!
In: Economics
The highest bill in my country is the equivalent of cca 215 USD. Almost no one uses them, you don’t get one from the ATM at all. The second highest is equivalent to cca 86 USD and even that you don’t see that often. You get these from the ATMs but since most of the transactions are not in cash, you don’t usually have these bills on hand anyway. Obviously it depends who you are and what business you’re doing, but we just don’t have the need to carry around so much cash.
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