Money makes the world go round. We all use money every single day, we earn it and we spend it, but have you ever asked yourself how much do you know about money? Not at all! Well, below we are listing you some interesting facts about money, that we are sure you didn’t know before.
1. Paper money is not paper
Yes, it is true, paper money is not paper at all, but it’s 75% cotton and 25 % linen.
2. $2 bills are not as unique as you think
One of the rarest bills denominated in dollars are those of $2, but you will be surprised to know that even $2 are not that rare as people think, and that there are more than 1.1 billion $2 in circulation.
3. The Bureau of Engraving and Printing uses 9.7 tons of ink each day.
In order to print 26 million currency a day, with a face value of approximately $974 million,, the U.S. Bureau of Engraving and Printing uses nearly 9 tones of ink.
4. Only 8% of the world’s currency is actual physical money
In this digital world we are living in, only 8% of the actual money around the world is physical, while the rest is digital money that exists only on computers. That means that money goes from one place to another, yet we never see it or touch it.
5. 94% of bills are contaminated with bacteria
A 2002 study has found that approximately 94% of paper money that moves form hand to hand is actually contaminated with bacteria, what I making paper money one of the dirtiest things in the world.
6. The largest denomination of US Currency was the $100,000 bill.
The largest bill ever printed by the Bureau of Engraving and Printing was the $,100,000 gold certificate, and it was printed in 1934 and 1935, but it has quickly become part of the past, and today’s biggest dollar denominated bill is $100.
7. A penny costs 2.4 cents to manufacture
Manufacturing pennies is not as cheap as it can appear. On the contrary, it is actually an expensive process and it is costing the government about 2.4 times their value to be created.
8. 90% of all US bills have at least a trace of cocaine on them
A 2009 study has found that about 90-94% of all the bills in circulation carry traces of cocaine on them. It is due to the practices of drug traffickers who move large amounts of cash with the drug all over their hands, and the fact that the bills are often rolled up into straws and used to snort the drug.