It's coming. Not completely cashless but what we've discussed. The fed just submitted their order to the treasury for hard cash this yr. Looks pretty normal other than A LOT more 10 and 20 dollar bills ordered than in past yrs and way less 100 dolla bills than when obama was in office.
Correction to this post. It is 20's and 50's. I typed 10's and 20's.
Looks pretty normal other than A LOT more 10 and 20 dollar bills ordered than in past yrs
Actually, that makes me feel a bit better - if you look at what they did in India, they removed all the lower denomination bills, forcing the poor to lose their money bc they couldn't get to a bank within the prescribed period and pushing them into Aadhaar (digital currency.)
They increased the amounts for small denominations. Here's the order: https://www.federalreserve.gov/paymentsystems/coin_currency_orders.htm
That's what I understood you to mean - they are printing more small denomination bills.
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