What would happen of the US got rid of dollar bills?

Answer 1

If the U.S. eliminated dollar bills, it would likely accelerate the transition to a cashless society, increasing reliance on digital transactions. This could enhance efficiency and reduce costs associated with printing and handling physical currency. However, it might also disproportionately affect certain populations, such as the unbanked or elderly, who rely on cash for everyday transactions. Additionally, the shift could raise privacy concerns and create challenges for those who prefer or require cash for personal or economic reasons.