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According to the U.S. Department of Treasury website, "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 ...
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In 1854, Secretary of the Treasury James Guthrie proposed creating $100, $50, and $25 gold coins, to be referred to as a union, half union, and quarter union, respectively, [21] thus implying a denomination of 1 Union = $100. However, no such coins were ever struck, and only patterns for the $50 half union exist.
The new $50 note was released for circulation on 18 October 2018, [19] followed by the new $20 note on 9 October 2019, [20] and the new $100 was released on the 29 October 2020. [ 21 ] [ 22 ] The Reserve Bank currently has no plans to release fourth series notes in denominations higher than $100, despite the amount of inflation that has ...
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