Not long after they got rid of the $10,000 note in 2017 or 2018 I think.
That leaves Brunei only with the $1,000 and $10,000 notes - although they call them ringitt - they are worth the same as Singapore dollars, not Malay riggitt which are worth only 30 cents.
Singapore still has a $500 note.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Quote: "qwerty844448"The 500 dollar note was discontinued back in 1999 (I believe)
It's probably just a matter of time before they get rid of 5 and 10 cent coins too :(
I find the argument that many governments are demonetizing high denominations to fight money laundering quite annoying. I don't collect high denominations but do see their place in countries who've switched to polymer & made their money fairly reliable/secure. I have never seen any of these governments actually prove that high denominations (like $1000) are used more for ML than for legitimate commerce. Most of my research on ML points to shell companies and fraudulently manipulating bank balances (cash is rarely involved). India's 2016 campaign to get rid of the 500 & 1000 Rupee was highly criticized & poorly executed. As far as I'm concerned, it's all smoke & mirrors the Better than Cash Alliance propagates (like money is dirty) to phase out cash and go digital for all commerce (an absolutely absurd goal). This organization (backed by Bill Gates) spouses propaganda that they're improving people's lives. Such a claim is absurd & laughable.
As the story goes, Canada ended their $1,000 dollar bank note in 2000 because of the drug trade in North America.
Sending a light plane north, filled with cocaine, could not make the return trip with enough American $100 bills to cover the shipment. The Canadian $1,000 bill was even being used in the USA to get around this little problem.
It ain't what you don't know that gets you into trouble. It's what you know for sure, that just ain't so. Mark Twain
