In America, the highest denomination of money which is still being printed and is common to see in circulation is the $100 – though $100 simply doesn’t buy nearly what it used to buy because of inflation. Indeed, there are many fairly common purchases such as done at a nice restaurant, or for fashion accessories, that $100 just isn’t going to come close enough to paying that bill. Yet, the United States isn’t going to change to printing any bill higher than $100 anytime soon, not only because the United States is continuing to use less and less physical cash in financial transactions, but also because it doesn’t desire to print anything higher than $100.
What we do so find is that not every nation has the same sorts of beliefs or fears that America demonstrates, in regards to its physical currency. For instance, Switzerland has the 1,000 franc note worth about $1090, and this 1,000 note is also quite popular in Switzerland. The two main reasons why Switzerland embraces its 1,000 note is that first of all, Switzerland does not suffer from the same degree of inflation that the United States suffers from, and therefore, a 1,000 note is thereby seen as being a safe store of value. This signifies that the second reason why the 1,000 note is liked so much is that, unlike something like gold or silver or diamonds or cyber currency, a 1,000 note is not only convenient but also because its value is implicitly recognized this thus serves to make transactions of any sort, straightforward, which provides comfort for those that have those notes, in the sure recognition that in an emergency or an electronic data meltdown, that they have ready access to money which is universally accepted and appreciated.
While the United States can decry all they want, that only criminals need access to large dollar denomination bills, it has to be said, that there is a significant amount of licit people and organizations, that prefer to conduct their business in a way and manner that the government is not able to track what they have transacted, which is why bartering still has its place, along with cash transactions being the preferred way to conduct certain business dealings. It should be at a given person’s prerogative how transparent that they are or are not with their transactions, thus indicating that those who prefer privacy and discretion over full disclosure should be permitted to do so, without “Big Brother” seeing and knowing everything that people do when it comes to their personal business.
No doubt, America isn’t going to come out with a $1,000 bill or even a $500 bill because American governance claims that such isn’t needed, though, in truth, these bills, if they existed, would actually be popular, though not as popular as the 1,000 Swiss franc note, mainly because of America’s persistent inflation. Yet, it has to be noted, that people have an abiding desire to store their wealth in one form or another, and storing such through the medium of the dollar or the franc can be sensible, given the right circumstances.