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That's a reasonable question. It's possible the 500 and 1000 notes will be relegated to large, all-cash transactions where the goal is to avoid taxes. But I ima
by jogjayr 10y ago
That's a reasonable question. It's possible the 500 and 1000 notes will be relegated to large, all-cash transactions where the goal is to avoid taxes. But I imagine that some amount of osmosis will _have_ to take place. You can't buy food or pay for gas with a 500 note after all; probably any businesses found accepting them would face charges.
And if you can't use them for anything except real-estate purchases and the like then their value is going to decrease over time. The number of 500/1000 notes will asymptotically approach zero over time as they get converted through official or unofficial channels.