The EU took 500โฌ notes out of circulation a few years ago because they prefer large transactions to be done by methods that are easier for the government to monitor. I imagine the US government feels the same way.
Asklemmy
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
- in my experience everyone hates these bigger notes. already the 100 and 200 ones are rather unpopular if you pay at a restaurant, fast food store, bakery etc. as it means lots of change. 50 is the sweet spot that's easily accepted everywhere.
ATM's don't even disperse them, as they cap at 50โฌ (so in order to acquire 800โฌ in 500โฌ, 200โฌ & 100โฌ notes: I had to visit a bank to withdraw in person via a teller requesting specific denominations). Will electronic stores accept 2000โฌ in cash for an iPhone 18 consisting of x10 200โฌ or x4 500โฌ notes?
I did get the 100 notes several times and once even 200 at an ATM and I was super annoyed by that. Usually, if I withdraw larger amounts, I explicitly choose odd numbers to minimize the risk (i.e. 190 instead of 200).
China's biggest denomination is CNY 100 or about USD 15. India pulled its largest denomination bill from circulation maybe 5 years ago. The US stopped doing anything above USD 100 a while ago. Bigger denominations are a counterfeit and bribery risk.
Nobody cares about the Swiss Franc in cash outside of Switzerland. There are 10 million or thereabouts Swiss people. All the other currencies are used in much larger populations, three-figure millions at the lower end.
I think you're running a bit there, and the ~~Norwegian Crowns~~ Icelandic Krona would like a word with you.
The other ones I mentioned.
Larger denominations also become much easier to smuggle. Concealing and slipping an envelope vs a whole bag.
because if we got one now itd have trumps face on it
I'm surprised there is a 1000 CHF note. Governments in general want to dissuade large cash transactions. You're supposed to file some treasury forms if you transfer more than 10000 USD in cash (say to buy a car) but I think under some circumstances the amount drops to 3000.
Before Holland switched to the Euro, one of my Dutch buddies told me that 100 NLG bills (Dutch Guilder, 100 NLG was about 60 USD) were very heavily used there, the way we use $20's in the US. 50's and 100's in the US were fairly uncommon at the time, but they're more common now. ATM's dispense them which is a fairly recent thing.
Brunei has a B$1000 bill, although they stopped printing it (but exists):
spoiler

It's worth $7,874
Iโd only buy drugs with bills that large. Everything else goes on the card.
