The Phaserl


US Government Prints 1.05 Billion Fiat Paper In October 2014

by CoinNews, via GoldSilver

The United States government printed more than 1 billion banknotes in a month for the first time in over a year, data from the agency responsible for producing U.S. currency shows.

1,053,056,000 in $1s, $5s, $10s, $20s, $50s and $100s were made in October for a total value of $17.28 billion, according to Bureau of Engraving and Printing (BEP) monthly production figures published on Nov. 10.

The monthly amount was the most since nearly 1.2 billion notes were printed in September 2013. The combined value was also the highest since that month when it soared to over $65.7 billion — lifted mostly by a large amount of $100s.

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