10 Interesting Facts About banknotes Video
10 Interesting Facts About banknotes
Fact Nr 10 The first paper money in the world was printed in China.
Fact Nr 9 The first bankote in Europe was issued by the Stockholms Banco in 1661. The first USA banknote was printed in 1690 by the Province of Massachusetts Bay.
Fact Nr 8 The first polymer banknotes as currency were issued by the Reserve Bank of Australia in 1988, to celebrate Australia's bicentennial year.
7. According to the BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM, as of April 8, 2020, there was $1.84 trillion worth of US dollars bills in circulation. Roughly 80% of this value comes from the 11.5 billion $100 notes.
6. There is more money printed for Monopoly each year than there is real money around the world. The total amount of money in one Monopoly game is $20,580 (for newer editions) and $15,140 (for older).
5. According to the Guinness Book of World Records, the largest banknote in the world was made by the Philippines in 1998. It was created to celebrate a century of independence from Spanish. It was a size of 356 mm x 216 mm and was worth 100,000 Peso. Only 1,000 pieces issued.
4. Every Dollar Note has the same weight - approximate 1 g and the size of 155.81 x 66.42 mm. A $100 bill weighs the same amount as any other denomination of U.S. paper currency. So, $1 million in singles, it would weigh 1 ton! A suitcase of $1 million in $100 bills weighs about 10 kg!
3. How long is the lifespan of U.S. paper money?
Denomination Estimated Lifespan*
$1 6.6 years
$5 4.7 years
$10 5.3 years
$20 7.8 years
$50 12.2 years
$100 22.9 years
*Estimated lifespans as of December 2018. Because the $2 note does not widely circulate, we do not publish its estimated lifespan.
2. The highest denominated banknote ever printed in the world is 1 Egy Milliard b.-pengo (Pick# 137). It was printed by the Republic of Hungary on June 3, 1946, but was never issued. This note has face value of one sextillion or (Thousand trillion) pengo.
1. There are about 180 different currencies recognized as legal tender in the world.
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