Wednesday, July 18, 2007

Interesting facts about U.S. dollar bills

Did you know that there are two "money factories" in the U.S., Washington D.C. and Ft. Worth Texas, and they print over $600 million a day? Hey, they can build one in my backyard and it would pay for itself in what, a half a day?

"In God We Trust" - The motto was not adopted for use on U.S. paper currency until 1957.

95% of the notes printed each year are used to replace notes already in, or taken out of circulation. During FY 2006, 54.80% of the notes printed were $1 notes.

It costs $.05 to make one note.

A stack of currency one mile high would contain over 14½ million notes.

Have you ever wondered how many times you could fold a piece of currency before it would tear? About 4,000 double folds (first forward and then backwards) are required before a note will tear.

The average life span of a Federal Reserve Note by denomination:

$ 1 ...............21 months
$ 5 ..............16 months
$ 10 ............18 months
$ 20 ...........24 months
$ 50 ...........55 months
$100 ...........89 months

No comments: