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This exactly parallels Canada'a elimination of the $1000 note, except that the largest denomination now in circulation is the $100 note. Adding an order of magn
by stan_rogers 16y ago
This exactly parallels Canada'a elimination of the $1000 note, except that the largest denomination now in circulation is the $100 note. Adding an order of magnitude to the weight, bulk and inconvenience of cash transactions (along with requiring paperwork concerning bank transactions involving $10000 or more in cash) may not have done much about large-scale organised crime, but it certainly did make it more difficult to skirt the goods and services tax.