U.S. Government Prints 614.9M Notes Worth $13.5B in May - Numismatic News
Have you ever wondered how much money the US government prints each month? There’s no need to wonder. With government provided figures and a little extrapolation, finding totals are easy.
Those totals, however, could be less than what you’d assume given the money the government alone spends. Clearly, electronic transactions dominate paper money in use.
The Bureau of Engraving and Printing (BEP) produced 614,912,000 U.S. banknotes in May worth a total of $13,541,120,000.
The BEP’s May production figures reflect a volume reduction compared to total notes printed in April, but do show a slight increase in total value. How? Fewer denominations were produced across the board with the exception of $100 bills. The $100s made up the difference with a nearly 4,500 increase over April for $448M.
There chart below also shows a quantity of 512,000 star notes in $10 bills.
For monthly comparisons of the total weight of printed banknotes — just for the sake of curiosity:
- February came in at 1,432,122 lbs or 649,600 kilograms,
- March notes weighed at 1,728,446,180 lbs or 784,010 kilograms,
- April banknotes weighted 1,563,342 lbs or 709,120 kilograms, while
- May notes weighed 1,355,649 lbs or 614,912 kilograms
Spread across the 31 days in May and counting weekends and holidays, the BEP averaged over 19.8 million notes per day with a total face value of approximately $437 million.
(...)
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