That’s funny! New hip font combined with an illustration of rocks?
Anyway, I use hundreds occasionally. I just happen to have nine of them in front of me now. Mostly 20’s though.
I’m not quite a big enough gambler to run into this problem much, but how do the medium-high stakes guys do it? Is $2k just 20 $100 bills? Quickly gets unwieldy, it would seem. Or you just keep it all in chips until you’re ready to cash out.
When I am in the States, I usually start the day with a few $100 bills. I do not like using credit cards and usually am in heavy-shopping mode.
But… why!?
The bank which accumulates say lots of 100s has to ultimately redeem them. This is usually by mail. Simply the weight. This is true in Europe also. Sending 1 million in hundreds has to cost less than sending the same amount in tens and twenties.
Ultimately, the reason is bound to lie somehow in the poor experience that the US has had before with ultra-ultra-large denominations: link
I remember reading that, immediately after 9-11, when CIA agents were flooding into Afghanistan and spreading cash around among their new buddies in the Northern Alliance, the price of a cup of coffee jumped to $100, as that was the smallest U.S. bill then most widely in circulation. 
THIS.
I sometimes have purchased very expensive video gear. Made large puchases at Fry’s, for instance, that included expensive cameras, computers, etc, setting up stuff for me and my customers. I am not always sure what I want when I am doing a job, at least down to the last detail, so making out a cashiers check in advance is out of the question. Besides, most retailers won’t take one of those. Credit cards have limits. If you need to buy eight or ten thousand dollars worth of equipment at a crack, that is a heck of a lot of hundred dollar bills, and often the bank runs out of even the hudreds and has to give you skads of 20’s. Enough to fill a few envelopes! Much easier and less conspicuous to have eight or ten thousand dollar bills along. Not that Fry’s would take them. Even when I was handing them 100s and 20s, they had like three managers count them, and they were all squicked out with their stupid counterfeit detector pens, made me show all kinds of ID to pay CASH :rolleyes:, etc.
It isn’t widely publicized for security reasons, but in the movie business, a lot of production assistants (PAs) carry big wads of cash to cover incidentals. Having larger denominations would be helpful to those guys too.
Speaking of Hollywood’s requirements, think of the big time drug dealers! Almost everybody in post smokes the herb. Gotta be a bitch for them to be dealing in 100s and twenties…
I paid my college tuition with $1000s in 78 or 79.
No, this is before the currency was revalued. If my calculations are correct, this bill is worth 100 new Zimbabwe dollars- which is still less than a thousandth of a cent American.
Cash is widely used in the Gulf. I was in line behind a guy at the bank depositing about $150,000 in cash. I almost always have 2 or 3 thousand USD on me or in my home… it is perfectly safe to walk around here with it. A friend left a few thousand in a taxi and got it back a few hours later.
Looking again, Zimbabwe knocked 10 zeroes off their currency in 2008 and then knocked 12 off in 2009. So the 100 trillion note WAS printed after a previous hyperinflation caused them to revalue their currency, which was again revalued due to the hyperinflation that caused IT.
Yet another reason to loathe Mugabe. :rolleyes:
Yike! I had no idea that there’s been that much more hyperinflation…
According to xe.com, they knocked 12 zeroes off the Zimbabwean dollar on Feb 2, 2009… and one US dollar is now worth 380 Zim dollars. So that’s 380 x 10[sup]21[/sup] old pre-2008 Zimbabwean dollars. What do you do when something like that happens? I thought I’d read that they’d essentially abandoned the Zim dollar and were dealing in USD and euros…
Depends on when you consider the modern era to have started. In 1946, Hungary issued a 100,000,000,000,000,000,000 pengo note (although 100 million billion equals one hundred quadrillion under the American system, the European system calls 10 to the ninth power the milliard, while the billion is 10 to the twelfth). As the link shows, a one milliard billion-pengo (1,000,000,000,000,000,000,000 pengo) note was printed, but never circulated.
It’s all a white plot to undermine black rule (:rolleyes:)[sup]Nth[/sup]
That is true. What I should have said is that it is a record for zeroes on a bill- the Hungarian bills did not have the amount in numbers.
10[sup]22[/sup], actually, since the currency was revalued as 10 billion=1 in 2008 and then 1 trillion=1 in 2009. Zimbabwe has pretty much abandoned their own currency and is planning on using the South African rand instead.