demonatized and in current circulation is a HUGE difference in meaning.

None of the US currency (not confed) has been demonatized and will always be redeemable at face value. IN CURRENT circulation means currently being exchanged for goods and services and being infused into circulation by the Fed Res Banks (they have orders to remove all demominations above $100 and any notes not fit for service).

While there ARE a large number of those bills in the hands of the people.... they are not being used at face value for goods and services> NOT IN CIRCULATION. Agree?