The world is increasingly tightening the use of cash to combat illegal money laundering. But there are still some countries that maintain large denominations of very high value against the dollar.
Here are the 10 highest denomination bills in the world that Mybanknotes.net is known to introduce to you!
- 10,000 Singapore Dollars
Singapore has kept the discipline to establish the highest denomination bill in the world. Over the years, the limit for bringing money freely through Singapore without notice has been reduced from $30,000 to $20,000 and the country’s central bank is planning to get rid of this high-denomination note that will make the 10,000-dollar bill Singapore dollars will be even rarer
- 10,000 Brunei Dollar
Here’s an interesting loophole: the Brunei dollar is issued and controlled by the Brunei Darussalam Monetary Authority, and is therefore entirely under the control of the oil-rich state. However, thanks to a currency swap arrangement from the 1960s, Brunei’s currency is freely changeable to the Singapore dollar. That means that even if Singapore plans to phase out its $10,000, Brunei could issue the same denomination at the same value. While there is no guarantee as to how easily Singaporean currency exchangers will accept high-value Bruneian currency notes in the future, I am confident that Brunei is rich enough to not exert pressure from major powers. foreign country.
- 1,000 Swiss francs
While Swiss banking is almost entirely off-limits to US citizens and those without large balances, Switzerland has tended not to phase out high-value banknotes by maintaining 1,000 francs. As with other high-value banknotes, most Swiss coins have never had a currency size difference, but the central bank believes that “the size of a banknote has no impact on the effort crime-fighting force”. 1,000 francs translates to almost 1,010 USD.
- 1,000 Singapore Dollars
With a value of nearly 740 US dollars, the denomination of 1,000 Singapore dollars is also among the top most valuable in the world and is still in circulation. Compared to the 10,000 denomination, the 1,000-frequency note appears more often in this island nation, so don’t be surprised when you travel or trade here and receive this bill. The country also just announced that it will remove this denomination from circulation.
- 1,000 Brunei Dollars
The small oil country of Southeast Asia, a long time ago, according to the 1960 agreement with Singapore on assigning the two countries’ exchange rates, 1,000 Brunei Dollars exchanged for 740 US Dollars contributed to this being one of the most valuable bills. the great value of the world.
- 500 Euros – European Union
Europe since the 90s has been one of the areas calling for anti-corruption and money laundering, but their Euro currency has a face value of up to 500 Euros, which is equivalent to nearly 600 US dollars. doubt it. Unfortunately, this denomination has also just been removed from circulation.
7, 500 Dirhams – United Arab Emirates
The exchange capital of nearly 300 USD has turned the 500 Dirhams bill of the United Arab Emirates into one of the highest denomination bills in the world. As is known, in addition to the fact that banks are increasingly restricting the use of this 500 Dirhams note and the Central Bank is planning to suspend circulation.
8, 100,000 Armenian
The tiny country of Armenia is nestled in Europe – indeed one of the world’s largest banknotes in circulation today that can be exchanged for over $210 US dollars. This is one of the largest denominations in the country.
- 1,000 Hong Kong Dollar
With a denomination of 1000 Hong Kong dollars, you can exchange up to nearly 130 US dollars, which has helped 1000 Hong Kong dollars become high denomination bills and this is also the highest denomination note in the money system currency of Hong Kong.
- 200 Manat of Azerbajan
In July 2018, the oil-rich Central Asian country circulated a 200-manat banknote, equivalent to nearly US$120, which is the highest denomination in this country and the highest denominations in the world.