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They don't have a one million dollar bill, but if they did it would be worth one million dollars.

MoreThe US, Canada, New Zealand and Australia aren't the only countries that call their currencies "dollars". Zimbabwe also calls its currency "dollars" and does have a $1M bill because of hyperinflation.

The difference is that a Zimbabwe dollar is only worth a tiny fraction of a dollar from the other countries so a million Z-dollars will exchange for only a couple of bucks in the other currencies.

The others have never issued $1 million bills. The largest denomination currently issued in all 4 is $100.

Some novelty companies make and sell joke bills that claim to be worth $1M but they're just that - jokes.
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Q: What is the value of a 1 million dollar bill?
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