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They used to until the 1940s.

MoreHigh-denomination bills were printed up till 1945, although the last ones all were dated 1934. Printing but not circulation was discontinued because of low demand. $500 was a significant amount of money at the time and few people carried that much in their wallets.

High-value bills did find favor with organized criminals because they were a convenient way to transport large amounts of money in a small space. In response, President Nixon ordered banks to stop distributing any bills higher than $100 as of mid-1969.

Due to inflation a $200, $500, or even a $1000 bill might make sense today. However the Justice Department is concerned they would be used not only by organized crime (primarily drugs) but could also be used to launder money for terrorism. That, along with almost universal use of e-payments, mean it's very unlikely the US will print anything higher than $100 in the foreseeable future.

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βˆ™ 11y ago
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Q: Why doesn't the US make 500 dollar bills?
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