How Can We Increase Circulation Of The $50

Why do you worry what circulates? You can't change people's ideas. We'll use what we use. Sometimes I get hundreds and fifties sometimes I get 20's. It's all cash.

Why is it important?
Look at the $100 banknote annual production
1.5 billion notes produced
0.5 billion replacement worn out notes
1.0 billion added to circulating stock annually
0.8 billion used in international consumption
$80 billion international consumption

While the entire trade deficit is more than $80 billion annually, the sum of $80 billion is more than the surplus of any particular goods and service.

The use of the $100 banknote overseas depends on the faith in the ability of the US government to defend against counterfeits, a faith badly shaken by the discovery of the so called super-note in 1989.

The defense again counterfeits depends on the regular replacement timely circulation of new series. Because international consumption is almost entirely $100 banknotes, the entire stock must be replaced relatively quickly. It is entirely different than the $20 banknote because no one cares if they find a few ten to twenty year-old banknotes in their change.

Replacing the 2.4 billion 1990-1993 series $100 banknotes with security thread and micro printing with "big-headed" Benjamins in 1996 was relatively easy. Replacing 7-8 billion green $100 banknotes with color $100 banknotes was a disaster of near epic proportions.

The next replacement may involve as many as twenty billion notes. If it cannot be done quickly, the US is in danger of foreign national moving as much as a trillion dollars to another currency like the Euro.

A second denomination in international currency would provide a huge relief in the pressure, because new series could be staggered five years apart between the $100 and $200 banknotes. If political pressure against a $200 banknote is too extreme, then the only other alternative is to try and change the status of the unpopular $50 banknote.

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.