Why doesn't the gov print $500 and $1000 denomination notes any more?

Tax man don't like it.

The incentive to counterfeit a $1000 bill would be insane.

business insider explains

Too many OTers would possess them all.

Also used to have $10,000 and $100,000, much more relevant to this board

They don't want citizens having easily portable money that can't be tracked

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Why doesn't the gov print $500 and $1000 denomination notes any more?

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I now have a debit card and don't need bills that size to carry my pocket change.

At those prices, counterfeiters are more likely. You don't have to get as many bills out for the same amount of gain.

Also, those bills were used for massive transactions (for their time) that can now be handled more efficiently by electronic transfer. Electronic transfer, in this case, means actual wiring of money but also check and credit card as those can all be electronically verified and the transaction executed in real time with varying levels of security based on the need.

If I'm selling something of value, today, I no longer need hard cash to ensure that I'll get my money. I can run the spectrum of payment and security all the way from a check that can be cancelled to a money transfer that cannot all from my phone. They're just not necessary anymore unless you're making a rap video.

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Take a look at Zimbabwe, which has issued million-, billion- and trillion-dollar notes. One $100 trillion note from the southern African country is worth 40 U.S. cents.

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Brought back a 5,000 dollar note from there.. worth less than toilet paper .

Pretty cool keepsake though