There are now less $1 bills in the world than $100 bills

Exceprt from Quartz:

In 2017, for the first time ever, the one hundred dollar bill became the most popular US bill in flow, beating out the one dollar bill. It’s quite the turn of events such as Benjamin Franklin-faced banknote. Only 10 years ago, it was less common than both the $20 and the $1.

According to a recent report from the Federal Reserve Bank of Richmond, the $100 bill is rising as a form of savings. With low inflation and a financial crisis still relatively fresh in people’s memories, more savers than ever are opting to maintain a few of their wealth in large-denomination banknotes.

 

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