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 US Treasury stopped printing $500 and $1000 banknotes in 1945. The Treasury ceased circulation of them in 1969, meaning any that they received from banks were destroyed. The reason given was lack of interest. Back then, a check was easier than a wad of cash. Today almost anything is generally easier to pay for by electronic transfer, whether by card or device.
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