For those of you interested in large denom FRNs returning, check out this thread

I hope this works. Its a thread from Where's George, about someone who wants to get the U.S. $1,000 FRN reissued.


http://forums.wheresgeorge.com/showthread.php?t=158023

I agree with a top section of W5WMW's first post on the topic:

Status. Euro has €500, Swiss Franc has CHF1000, Latvia has Ls500 Latu, and Singapore and the Sultinate of Bhutan have interchangable $10000 bills (worth approximately USD$8000). US Currency should rejoin the consumer power of these other smaller countries.

But I disagree with their argument below that statement:

I have other reasons too. I don't think we need every old denomination back, just add $200, $1000, and maybe $10000 to give us the best purchasing power in the world. The $500 and $5000 would just confuse people with more security features to learn for notes that would be used fairly infrequently.

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I agree with bringing back the $1,000 and $10,000 bills and adding a $200, but without $500 bills, you would still have to carry around too many $100 and/or $200 bills around (4 $200s and a $100, or 9 $100s), and without a $5,000 bill AND a $2,000 bill, you would still be forced to carry too many $1,000 bills (up to 9 of them)

So my belief is that, if we are going to bring back larger denominations here in the U.S., including the extra large denominations, we should have denominations in $200, $500, $1,000, $2,000, $5,000 and $10,000. However, I really always thought that the $5,000 and $10,000 would be more likely to return, as well as issuing a $2,000 bill would likely not happen no sooner than the year 2020. But I would love to see those denominations sooner than that if possible. :hail:

 

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with such a wide use of plastic these days... just who would find the need to carry $10,000 in cash in their pockets to go buy a pack of smokes???? At most, when i do carry cash, its probably less than $100, rarely more.

Also, the purchasing power of the US note will be the same regardless of the face value. 5 $1 notes has the same purchasing power as 1 $5. That will bever change.

 

The US will not introduce bills above $100 denomination for the same reason such notes were withdrawn in 1969 - they are seen as facilitating crime. The English government recently forbade foreign exchange offices from carrying 500 euro notes after an investigation showed over 95% of them were being used by criminal gangs.

 

Yeah, I read about that too. What they do in the UK is their business, of course, but I am just wondering: Does the British decision "criminalize" euro cash only, or similar denominations as well? A €500 note is about £440 or $700 - but 1000 CHF for example would be about £600 or $1000 ...

Christian

 

It,s all about cause and effect but penalizing a group of people, this being the American people
Because some choose to use it for illegal purposes is not fair! our we going to pull guns of the
Street because some people use them to commit crimes!

 

Some people do want to ban guns because criminals use them. That's way outside the scope of this group of course.

In the US, large cash transactions seem to be associated with illegal activities as cash is not trackable. Legit business uses other means for large dollar transactions or at least the government thinks so.