In the FYI category ...
The Federal Reserve has submitted its order for new money this year. They want 7.8 billion in new notes which adds up to $472.9 billion. Here's what's been ordered, by denomination.
Most of the new notes are $100 bills because people overseas are holding them, presumably as financial security.
In the larger scheme of things, people around the world holding dollars (for whatever reason) is good news. It helps us stave off the problems associated with creating as many dollars as we do (i.e. inflation). While interesting, this is a story better left for another post.
- Mark
The Federal Reserve has submitted its order for new money this year. They want 7.8 billion in new notes which adds up to $472.9 billion. Here's what's been ordered, by denomination.
Most of the new notes are $100 bills because people overseas are holding them, presumably as financial security.
In the larger scheme of things, people around the world holding dollars (for whatever reason) is good news. It helps us stave off the problems associated with creating as many dollars as we do (i.e. inflation). While interesting, this is a story better left for another post.
- Mark
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