answersLogoWhite

0

Are one thousand dollar bills real?

Updated: 9/15/2023
User Avatar

Wiki User

14y ago

Best Answer

Absolutely! At one time the Treasury issued bills up to $10,000 for circulation and $100,000 for internal government use. They were issued up till 1945, but were printed with the series date 1934.

At that time they were rarely used in retail transactions because the dollar's purchasing power was so much higher - $10,000 could buy a moderately nice house, for example. In 1945 the government stopped printing anything higher than $100 as an economy measure, and by 1969 dropped the requirement that banks had to keep the larger bills on hand. Even though prices have gone up so much since then that a $500 bill today buys less than a $100 would 40 years ago, so many transactions are handled electronically that there's little need for high-value bills anymore. Also there is a lot of reluctance among many countries to print high-value bills in any major currency ($, £, €) because they make it easy for criminals to hide illegal transactions - a million bucks in hundreds is a lot harder to ship around than the same amount in $10,000 bills, for example!

yes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Are one thousand dollar bills real?
Write your answer...
Submit
Still have questions?
magnify glass
imp