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Eli5 Why aren't there dollar bills bigger than $100? (lemmit.online)

submitted 1 year ago by [email protected] to c/[email protected]

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The original was posted on /r/explainlikeimfive by /u/RezGato on 2023-09-21 20:16:11.

As far as I know for USD, It's a hassle to carry stacks of $100 bills in certain scenarios. Why can't there be more like $500, $1,000, or $10,000 bills?

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[–] [email protected] 1 points 1 year ago

https://www.bankrate.com/financing/banking/pictures-of-big-bills-500-1000-5000-10000/

There were, but both banks and the government would prefer for large holdings and transactions to be done through banks and not by cash. At that point money can be numbers on balance sheets rather than physical bills.