Day: July 14, 2017

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Why do we no longer use $1,000 bills?

Why do we no longer use $1,000 bills?

Today in 1969, large denomination bills of US Currency, e.g. $500, $1,000, $5,000 and $10,000 bills were officially withdrawn from circulation. While you could use these large bills after July 14, 1969, banks no longer distributed them, in an effort to reduce corruption and illicit uses of large denomination bills.