U.S. $100 bills in circulation hit an all-time high last year, according to new data from the Federal Reserve out this week.
Meanwhile, overall global demand for cash is slowing down.
Some say the surge in $100 bills in the past decade may be a sign that global corruption is alive and well. These high-denomination bills tend to be the currency of choice for criminals because there’s no transaction record, and total anonymity.
Demand for high-denomination U.S. bills is not slowing down, despite less demand for cash in general.
The amount of U.S. $100 bills across the globe in circulation hit its highest level in history last year, according to new data from the Federal Reservereleased this week. That total grew by about 7 percent, or $92 billion year over year, to a record $1.3 trillion worth.
#1: Pinguinite To: Horse (#0)
Pinguinite posted on 2019-04-08 02:27:04 Reply Private Reply
#2: BTP Holdings To: Horse (#0)
I got an email from a woman who told me she was on a joint U.S./U.N. mission in Syria. She told me they came upon a huge cache of U.S. Dollars and her share was $3 million. She said she needed help getting it out of the country. I smelled a scam coming on so I deleted the message. She did send me a nice picture of her holding a bull pup rifle though. ;)
BTP Holdings posted on 2019-04-08 04:40:25 Reply Private Reply
#3: Horse To: BTP Holdings (#2)
Horse posted on 2019-04-08 05:56:41 Reply Private Reply
#4: BTP Holdings To: Horse (#3)
No surprise there at all. ;)
BTP Holdings posted on 2019-04-08 06:09:17 Reply Private Reply
#5: Fred Mertz To: Horse (#0)
If I knew how to handicap I could pay for my trip, but alas...
I think I'll play numbers...1,3,5 and see what happens.
Fred Mertz posted on 2019-04-08 11:13:26 Reply Private Reply
#6: Rotara To: Horse (#0)
The Digital Cashless Society is nascent but underway already.
Rotara posted on 2019-04-08 12:07:36 Reply Private Reply