BEP Prints 667.5 Million Notes Worth $10.5 Billion in August
The Bureau of Engraving and Printing (BEP), the government agency responsible for printing U.S. currency, reported August production totals on Tuesday that shows a quicker pace.
667,520,000 U.S. banknotes were manufactured in August worth $10,547,200,000. That compares to 576 million notes worth $9.8 billion in July.
Substantially more $1s, $5s, $20s, and $100s were produced for the month while the volume of $10s printed were identical to July’s figures.
In addition, the BEP printed 1.92 million $100 star notes, which are replacements for misprinted notes or certain serial numbers, like 000 000 000. Star notes are generally more desirable to collectors, as they are rarer.
Spread across the 31 days in August and counting weekends and holidays, the BEP averaged more than 21.5 million notes per day with a total daily face value worth about $340 million, which would be enough for every man, woman and child in the U.S. to have slighter over $1.
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