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Decade-low # Of Notes Ordered From BEP For 2020

 
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 Posted 09/28/2019  3:16 pm Show Profile   Bookmark this topic Add CelticKnot to your friends list Get a Link to this Message

Quote:
The pace of U.S. currency production in 2020 will slow to its lowest level in at least a decade, approaching 5.2 billion notes valued at almost $146.4 billion, according to a Federal Reserve order submitted to the Bureau of Engraving and Printing (BEP).

As in recent years, most of the banknotes produced will be $1s, $20s and $100s. The order lacked $2 notes as the amount made in 2019 is expected to meet demand for several years. The smaller bills were produced in 2019 for the first time since 2016.


Full article here.

I don't imagine us being a truly cashless society any time soon, but it seems like we're on our way.
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 Posted 09/28/2019  6:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Thanks for the link. Have to agree. I seldom use cash anymore, and as I noted on another thread a while back, my local Ace hardware store check-out guy told me that less than 5% of their sales are in cash - and those mostly for under-$10 purchases.
Edited by Coinfrog
09/28/2019 6:47 pm
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 Posted 09/28/2019  6:48 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
On the other hand, I understand drug cartel demand for $100s is up again this year.
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 Posted 09/29/2019  10:14 am  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
I like to use cash just to be unique.
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 Posted 09/29/2019  2:39 pm  Show Profile   Bookmark this reply Add muddyknuckles to your friends list Get a Link to this Reply
coin frog you are a fool...



My guess is the cartels have all the hundreds already reason being we have to print so many of them yearly. Guess an win...what 15-20 million in this pic?
Edited by muddyknuckles
09/29/2019 2:40 pm
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 Posted 09/29/2019  4:27 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Great pic, muddy. Wouldn't even know where to start making a guess.
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 Posted 09/29/2019  4:43 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Actually, according to Answers.com, one million dollars in hundred dollar notes is approximately 43 inches high and so forth depending on the denomination. I'll leave it to you to calculate.
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 Posted 09/29/2019  9:17 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I feel like I've seen that picture before. Wasn't that stash discovered in one of Saddam Hussein's palaces?
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 Posted 09/29/2019  9:29 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
No clue, but I'd sure like to know. Working on the math.
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 Posted 09/29/2019  9:58 pm  Show Profile   Check walk2dwater's eBay Listings Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
. Wasn't that stash discovered in one of Saddam Hussein's palaces?

-It reminds me of a stock photo of a horde publicized on the Net (& tv) connected to Pablo Escobar (or another Columbian cocaine cartel)
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 Posted 09/30/2019  04:00 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Just a sign of the times.

Along with movie rental stores, film developing, newspaper classified ads, land lines & pay phones, VCR's phone books, encyclopedias etc.
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Germany
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 Posted 09/30/2019  05:10 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply
Despite what the picture suggests and what the anti-cash lobby (banks, credit card companies, big data, ectr.) want you to believe research done by Central banks (e.g.: Norges Bank, Norway; Bundesbank, Germany; Swiss National Bank) around the wolrd during the last couple of years has found no evidence that large denomination bank notes are mostly or mainly used for criminal activity. In fact, criminal organisations rather use the lower denomination notes.
Yes, the ECB discontinued the distribution of the 500 note citing ''criminal use.'' But everyone knows this denomination was discontinued because Draghi and his friends want to make the ''store of value'' with banknotes more difficult. Three words: Negative interest rates.

By the way, from which country are the banknotes in the foreground of the picture? Mexico? Columbia?
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