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Finance

Canberra's crackdown on cash transactions imperils A$100 note

Speculators and 'black economy' suck up Australia's plastic $100 bills

These bundles of $100 notes were seized by Australian police in a recent drug bust. Photo courtesy Queensland Police Service

SYDNEY -- Where have all Australia's 100-dollar banknotes gone? There should be 340 million of them circulating through the economy, according to figures from the central Reserve Bank of Australia, but the distinctive and virtually indestructible green polymer notes are rarely seen in daily life.

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