Would eliminating the cent and nickel, and introducing a $200 or $300 bill....

DNADave

Would eliminating the cent and nickel, and introducing a $200 or $300 bill be the beginning of hyperinflation?

AgBlox

I'd like to see $500 bills make a return. $100 isn't what it used to be.


I highly doubt we'll see any type of change in the denoms of our $$ anytime soon.

MoneyLA

Vegas would appreciate $500 bills.

In fact, every time I go to a casino, I ask the cage if theyve gotten in any $500 or thou $$ bills... but now the cage workers have caught on. and when one does come in its grabbed quickly.

about five years ago they were still coming in but someone would get them before I could -- I wasnt the only one asking.

anyway, back to the original question: eliminating the cent would mean prices would be rounded up to the nickel. impact on inflation would be minimal. what's the difference between a $10.98 item and an $11 item? The percentage increase is too small for me to figure.

But adding a $500 bill would actually help Vegas. And help gamblers at high level slot machines and table games.

secondrepublic

In Europe, there's a 500 euro banknote (worth almost $800 U.S.).

Edited to add: A $200 or $300 bill wouldn't signify hyperinflation. We used to have banknotes circulating in denominations up to $10,000. Eventually, even with low levels of inflation, we'll need bills bigger than $100.

PerryHall

A lot of merchants don't want $100's due to the problem of geyying stuck with counterfeits so I imagine larger bills wouldn't be too popular with most folks who aren't drug dealers.

MoneyLA

the $10,000 rarely if ever circulated.

this is from the BEP's website:

article about what notes circulated