75% of $100 US Bills Are Believed to Be Outside the Country
Geo Beats
2013-04-12
Views 2
Foreign demand for $100 bills is booming.
More and more hard currency from the United States is being sent to other countries.
According to a report from the Federal Reserve Bank of San Francisco, a vast majority of the 100 dollar bills minted in the United States are abroad.
Since 1990, 84 percent of the increase in US currency has been notes featuring Benjamin Franklin’s face.
Estimates say that two thirds of the 100 dollar bills are in other countries.
The amount of cash that is being held or transacted overseas may throw off inflation, which is based on how much cash is currently in the market.
Some countries that are economically unstable can depend on the value of American hard currency.
Although the 500 euro bill is a larger denomination than any dollar bill, some countries are discontinuing the large euro bills to prevent their use on the black market.
The US has printed large denomination bills in the past from five hundred to ten thousand, but they are removed from circulation when found. They were last printed in 1945 and issued through 1969.
More and more hard currency from the United States is being sent to other countries.
According to a report from the Federal Reserve Bank of San Francisco, a vast majority of the 100 dollar bills minted in the United States are abroad.
Since 1990, 84 percent of the increase in US currency has been notes featuring Benjamin Franklin’s face.
Estimates say that two thirds of the 100 dollar bills are in other countries.
The amount of cash that is being held or transacted overseas may throw off inflation, which is based on how much cash is currently in the market.
Some countries that are economically unstable can depend on the value of American hard currency.
Although the 500 euro bill is a larger denomination than any dollar bill, some countries are discontinuing the large euro bills to prevent their use on the black market.
The US has printed large denomination bills in the past from five hundred to ten thousand, but they are removed from circulation when found. They were last printed in 1945 and issued through 1969.
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