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There's been a mysterious surge in $100 bills in circulation, possibly linked to global corruption

Accepted submission by Anonymous Coward at 2019-03-01 11:37:50
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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.

[...]

“The Federal Reserve and Treasury make 99 dollars for every $100 dollar bill they print and sell offshore,” Colas said. “There’s a natural desire to keep printing these things — the U.S. government makes a lot of money selling them.”

https://www.cnbc.com/2019/02/27/theres-been-a-mysterious-surge-in-100-bills-in-circulation-possibly-linked-to-global-corruption.html [cnbc.com]

Superbills?
https://en.m.wikipedia.org/wiki/Superdollar [wikipedia.org]


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