The number of circulating $100 bills surpassed the number of circulating $20 bills in 2008-2009, and the number of circulating $100 bills surpassed the number of circulating $1 bills in 2017.
Last year was a record year for cash, which CNBC commented 'Big increases in demand for cash usually signal a turn in the economic cycle and have led to booms".
That may have been true in the past, but this year it probably reflects the huge demand overseas caused by the economic turmoil due to COVID.
https://www.cnbc.com/2021/01/05/cas...economy.html
Last year was a record year for cash, which CNBC commented 'Big increases in demand for cash usually signal a turn in the economic cycle and have led to booms".
That may have been true in the past, but this year it probably reflects the huge demand overseas caused by the economic turmoil due to COVID.
https://www.cnbc.com/2021/01/05/cas...economy.html