|
With the economy going down the toilet and a recession looming, we don't want to see any money going out of circulation. However, because of the constant handling of paper money, dollar bills have approximately the same life expectancy as the latest boy band from Orlando. According to the U.S. Treasury, worn bills are destroyed by Federal Reserve Banks during ordinary currency processing. As you probably guessed, the note most frequently replaced is the $1 bill. There are currently four billion $1 bills in circulation, and the life expectancy of each is approximately 18 months. Bills of larger denominations stick around longer since they are handled less than the $1 bill.
For some interesting information about the history of U.S. paper currency, including security and counterfeiting, head over to The Money Factory, a site brought to you by the fine folks at the Bureau of Engraving and Printing.
|
