Question:

1,000,000 US Dollar Bill?

by  |  earlier

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Did the US bank really made a 1m dollar bill? I have seen one in the Philippines and they tried to put the monney in the UV light and I have seen some water marks in the monney. Is it true that its one of a kind or the US bank did not really issue this kind of monney.

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  1. The Largest bill I know of is the $100,000, that had Woodrow Wilson's likeness on it. Now, apparently, the largest bill printed is the $1,000


  2. What denominations of currency are in circulation today? Will any new denominations be produced?

    The present denominations of our currency in production are $1, $2, 5$, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today.

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    What was the largest currency denomination ever produced?

    The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

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    What denominations of currency notes is the Treasury Department no longer printing?

    On July 14, 1969, David M. Kennedy, the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.

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