How Can We Increase Circulation Of The $50

Like the quarter does the nickel, this might make the $50 more useful.

1,584,000,000 2013 series $50 denomination; stopped production end of October 2019
2,182,400,000 2013 series $10 denomination; stopped production end of January 2018
4,044,800,000 2013 series $100 denomination; stopped production end of July 2019
4,876,800,000 2013 series $5 denomination; stopped production end of September 2019
7,814,400,000 2013 series $20 denomination; stopped production end of January 2018

After some consideration, I doubt that the $50 will ever move out of last place in terms of number of banknotes produced (xcept for the $2).

We clearly need a $200 denomination.

Hm, during the last five years (2014 to 2019), the number of $50 bills in circulation has risen by 50% (224 Million to 349 Million) in Canada.
So, the $50 bill must be used in Canada, well, some parts of Canada. Perhaps, as ''store of valu'' like the $100 note?

The BOC, to their credit, anticipated a rush on cash near the beginning of the 'lockdown' Feb 13th -so they supplied distribution banks with more $50's (than $100) b/c most ATM's are equipped to dispense them. It's quite likely that a large portion of those $50 are hoarded but one also sees them circulating (at least I do).

It used to be that servers (& cashiers) got in a huff over taking a paper $50 (or $100) but after the switch to polymer (2012), they've been taken much more regularly (with less sneer). So you see them around a lot: at least here in Ontario. There's a bit of a schizophrenic mentality towards large denominations, esp since the pandemic, since most businesses have insisted on credit/debit (but are so desperate for money not to kick up too much a fuss over accepting cash).

€100 = $118

Circulation of the €200 banknote has doubled in the last year, as a new series of the €500 was not issued.

I think demand for a $500 banknote would be huge, but I doubt that it would be possible politically. The $200 is a compromise.

I'd rather put silver and gold back into circulation than worry about fiat currency.

The amount of federal reserve notes was $44.55 billion at the end of 1969 when the $500 and $1000 notes were announced that they would be destroyed if the central bank got any. The circulation of federal reserve notes was increased to $51.3 billion by the end of 1971 when the gold standard was terminated.

In the last 12 months, the US has increased the circulation of federal reserve notes by $250 billion (the largest year over year increase ever recorded) to meet the demand generated overseas by COVID. Total circulation now exceeds $2 trillion as of September 2020.




Is this statement thought through at all?

You are talking about a theoretical change which is not likely to happen in the next two decades. The new series of $100 bills is to be released in 2034-2038 time period. By that point we may have 40 billion $100 notes in circulation.

Initial Print Order for 2020 in number of bills
$1 1,574,400
$5 736,000
$10 460,800
$20 1,241,600
$50 76,800
$100 1,078,400
Total 5,168,000

When a new design for $100 notes is released people are frantic about trading in the old notes for new notes. This phenomenon is especially acute in foreign countries. In February 2010 the BEP began printing new color $100 notes, and they began to have production problems of the first order in trying to print so many at once.

The $20 banknote does not have this problem since they mostly circulate domestically and are not worth enough to make people terrified of counterfeits. The stock of notes can slowly be converted over more than a decade to a new series.

My prediction is a severe hurt for the US economy as foreigners change several trillion dollars in US$100 bill to Chinese Yuan central bank digital currency (which will exist by that time).