The Significance of 100 Dollar Bills in Modern Currency
The Significance of 100 Dollar Bills in Modern Currency The crisp, slightly oversized rectangle of the $100 bill holds a unique place in the global financial landscape. More than just a piece of paper, it represents a significant portion of the world's economic activity and carries a fascinating history. Understanding its significance requires looking beyond its face value and exploring its role in both everyday transactions and larger economic trends. The Significance of 100 Dollar Bills in Modern Currency The $100 bill, featuring Benjamin Franklin, is the highest denomination currently issued by the United States Federal Reserve. Its high value makes it a preferred instrument for large transactions, both legal and illicit. Globally, it's often treated as a quasi-universal currency, accepted, though often at a less favourable exchange rate, in many parts of the world due to its perceived stability and worldwide recognition. Its prevalence in international trade and b...