Why $100 bills and €500 notes may soon be killed off - Yahoo Finance: "Now, former Secretary of the Treasury Lawrence H. Summers has called for the $100 bill's execution, just as the Financial Times reported that the European Central Bank is planning on killing another big bill overseas, the €500.
In an op-ed for the Washington Post, Summers cites a new study from Harvard's Kennedy school by banker Peter Sands—he's President Emeritus of Harvard—that made a strong case for the elimination of the £50, the €500, the Swiss CHF 1,000, as well as the $100 because large currency notes such as these are the "preferred payment mechanism of those pursuing illicit activities, given the anonymity and lack of transaction record they offer, and the relative ease with which they can be transported and moved.""
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