Facts about Money
1) What is currency paper made of?
Banknote paper is made of cotton and linen which are used in 3:1 ratio. There are also synthetic fibers of different colors and length, which are spread throughout the paper.
2) How much ink does the BEP use to print money each day?
Specialists estimate that BEP facilities throughout the country use about 18 tons of ink every day.
3) How much does it cost to produce a paper currency note?
In 2006, 8.2 billion banknotes of different denomination were produced and the cost of each note totaled about 5.7 cents.
4) Approximately how many times could you fold a piece of currency before it would tear?
It is possible to tear a banknote by making about 4 thousand double folds (forward and backwards).
5) How long is the life span of a $1 bill?
The average life span of a $1 bill is about 21 months.
6) What is the origin of the dollar sign ($)?
There are several versions, but the theory, which says that widely known dollar sign “$” is the result of the evolution of the Spanish or Mexican “P’s” for pesos, or pilasters, or pieces of eight, is the most popular. Practically, the letter “S” used to be written over the letter “P” and the composition has developed into the “$” mark. This theory takes source from the studies of old historic manuscripts.
7) Why did the BEP print paper notes in 3-, 5-, 10-, 25-, and 50-cent denominations during Civil War?
In the times of American Civil War there was a tendency among the population to save coins in denominations of 3 cents, 5 cents, 10 cents, 25 cents, and 50 cents due to their intrinsic value. Therefore, there was a shortage of circulating coins. That is why BEP had to print paper notes of those denominations.
8) If you had 10 billions $1 notes and spent one every second of every day, how long would it take you to go broke?
It would take 317 years to spend 10 billions $1 notes this way.
9) Who was the only woman whose portrait appeared on a paper US currency note?
Martha Washington, the wife of our first president George Washington, was the only woman whose portrait appeared on American currency note. In 1886 and 1891 it appeared on the face of the $1 Silver Certificate, and in 1896 it was on the back of the $1 Silver Certificate.
10) When did In GOD we Trust become part of the US currency design?
National motto of the United States, “In God We Trust,” appeared as a part of the design of our money in 1957. Since 1963 it has been appearing on every currency note.
11) Whose picture is on a $100 bill?
Since 1914 a portrait of Benjamin Franklin, a Founding Father of the United States, as well as a known political activist and writer, diplomat, scientist and inventor, has been appearing on a $100 bill.
· Money Facts. (2007). The United States Treasury Bureau of Engraving and Printing. Retrieved July 3, 2007, from: <http://www.moneyfactory.gov/document.cfm/18/106>.