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they no longer print 1k bills because its too easy for the cartells to get it across borders, so they now have to carry 10x more using 100 bills.Insane given that would be your whole company worth on that tiny paper note.
Also didn't they discount it to curb money smuggling or something? As I recall hearing about it like that.
before that it was silver coins. (one pound being one troy pound of silver (12 troy ounces = 31.1 grams))
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money was printed by the feds back than & than it was given up to the banks (that's why we now call them bank notes)I wonder how the printing of currency was done when handled by congress as their constitutional responsibility. Do you think there were competing state notes as well? Or was there only the federal currency? And how was it given value?
paper money was invented in china