THE RISE OF THE 100 DOLLAR BILL

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V22 2019 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 22, Number 9, March 3, 2019, Article 27

THE RISE OF THE 100 DOLLAR BILL

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:
There's been a mysterious surge in $100 bills in circulation, possibly linked to global corruption (https://www.cnbc.com/2019/02/27/theres-been-a-mysterious-surge-in-100-bills-in-circulation-possibly-linked-to-global-corruption.html)

Wayne Homren, Editor

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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