You have to admit, those denominations are too high to have any practical everyday use. Shops don't have enough change to accept these notes. Banning these will not affect our lives at all. If these notes notes are makes it easy for criminals to hide and transport illegal money, banning them makes sense. This isn't about banning cash for all of us.
A bankster at the Bank of England (Charles Goodhart) wants to ban 500 Euro notes as well as 1000 Swiss Franc (that would be some $1050) notes as well.
Such concerns have festered for years. In 2010, U.K. banks and money-exchange services stopped distributing 500-euro notes after a report showed that 90 percent of demand for them came from criminals. An internal Bank of Italy study the previous year described how such bills were accumulated by mafia money launderers, terrorists and tax dodgers because theyre easy to hide and transport.