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When was the last major push to get rid of $50 and $100 bills?

CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
in U.S. & World Currency Forum

About 10-15 years ago the Treasury was seriously considering getting rid of the $50 and the $100 to make drug smuggling harder. Does anybody know what year that was in?
Thanks.

Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • sellitstoresellitstore Posts: 2,870 ✭✭✭✭✭

    From time to time various individuals have suggested this but I'm not aware of the treasury considering getting rid of these denominations. It was 1969 when the treasury decided to get rid of anything $500 or higher but I haven't been able to find anything online about the treasury considering get rid of the $100s and $50s. Only suggestions by various individuals.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
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