Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Low Demand For $5 And $10 Bills, But Demand For $100 Bill Grows

Sunday, July 24, 2011 - 7:19 AM
As you might have guessed with the prevalence of credit and debit cards, the demand for bills have also been going down as reported by this New York Times article:
Production of $5 bills also dropped to the lowest level in 30 years. And for the first time in that period, the Treasury Department did not print any $10 bills.

However, the $100 bill is growing in popularity. But it's not due to inflation:
Last year Treasury printed more $100 bills than dollar bills for the first time. There are now more than seven billion pictures of Benjamin Franklin in circulation — and the Federal Reserve’s best guess is that two-thirds are held by foreigners

Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800