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Home > Finance > Personal Finance > Add These Money Facts To Your Bankroll
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Add These Money Facts To Your Bankroll
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Here are some facts about the nation's currency you may want to spend some time on:
• Each day, the Bureau of Engraving and Printing produces 37 million
currency notes, with a face value of about $696 million. About 45
percent of the notes are the $1 denomination.
• 95 percent of the currency notes printed each year are used to replace notes that are already in circulation.
• All of the notes printed each year (laid end to end) would stretch around the Earth's equator approximately 30 times.
• The small currency notes in use today were first introduced in 1929.
• Crane Paper Company (Dalton, Massachusetts) makes rag-based paper for the Federal Reserve Note. Crane was founded in 1801.
• All bills--even those from 1861--are still valid.
The Paper
Currency paper has a unique feel and is extremely durable. Because: The
paper of currency notes is composed of 75 percent cotton and 25 percent
linen. The paper contains red and blue fibers of various lengths.
Reason: to ensure that reproduction is difficult.
Interestingly, the thread for the $100 bill carries the word "USA100"
and can only be seen with transmitted light. New threads glow red when
held over ultraviolet light. In 1996, a watermark was added to the
paper.
Size, Weight, Color
All printed notes since 1929 are the same size, approximately 2.6 by
6.15 inches. Each note weighs about 1 gram. There is no definite reason
why green was chosen originally for the U.S. currency.
Paper Machines
Voith Paper is the process supplier for the worldwide paper industry
and manufactures the papermaking machines that produce the paper for
currency notes.
The papermaking process is very complex; therefore, high-tech machines
are necessary. Voith develops technological solutions that cover the
entire paper production process-from fiber to wrapped paper-even for
special paper such as currency notes. Over one-third of all paper
consumed worldwide is made on Voith production lines.
As a process supplier for the worldwide paper industry, Voith has
extensive experience-beginning with fiber technology, through finishing
and right up to printing technology. The company develops solutions
that cover the whole paper manufacturing process from the fiber to
finished paper and it does this for all paper grades: graphic papers,
cardboard, packaging papers, tissue papers and specialty papers as used
for currency notes. Voith Paper is headquartered in Germany and
operates 16 plants with over 1,700 employees in North America.
You may want to save these interesting facts about money and cash them in at your next dinner party.
If all the currency the government prints each year were laid end to end, it would stretch around the equator about 30 times. |
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