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Distribution of bills higher than $100 was suspended by presidential order in July 1969.

The goal at the time was to limit the use of high-value bills by organized crime. No $1000 bills had been printed since 1945 so the order had little effect on ordinary citizens' banking practices.

Today concerns about terrorism and the widespread use of electronic funds makes it unlikely that new high-value bills will be printed, despite the fact that inflation has reduced the purchasing power of $1000 now to less than what $100 bought back in 1969.

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12y ago

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