Pablo Hoffman writes:
Kiss Ben goodbye? A CNBC chart of Federal Reserve data shows that the number of C-notes in circulation has quadrupled over twenty years from 1997 to 2017.
There are now more 100s than one-dollar bills out there.
There are calls to eliminate the 100-dollar bill to fight corruption. But then how will I light my cigars?
I don't believe Pablo - he doesn't smoke cigars. But thanks for the article. Interesting statistic. -Editor
The amount of $100 bills in circulation is surging. And it's leaving some economists scratching their heads.
The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the
latest data from the Federal Reserve. C-notes have passed $1 bills in circulation, Deutsche Bank chief international economist Torsten Slok said in a note to
clients this week.
To read the complete article, see:
a mysterious surge in $100 bills in circulation, possibly linked to global corruption
Wayne Homren, Editor
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