How Does Money Get Into Circulation? Find Out Here
Have you ever wondered how money gets into circulation?
In other words, have you ever asked yourself how it is that money goes from being printed to getting into the pockets and purses of Americans?
After the minting of currency, coins and paper currency then are sent to the Federal Reserve Bank and to some large banks within each Federal Reserve Bank district. This is done with the use of armored trucks.
- The Bureau of Engraving and Printing makes paper currency
- The United States Mint produces coinage
Once currency reaches Federal Reserve Banks and large banks within the banking network, the currency is distributed either directly from these institutions or to stores and smaller banks.
Some More Currency Fun Facts:
- It costs about 4 cents to make each piece of paper currency.
- There are 12 Federal Reserve Banks.
- Paper currency lasts an average of 18 months in circulation.
- Coins circulate for about 30 years.
