Value of U.S. dollars in circulation 2000-2022 | Statista (2024)

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Value of U.S. dollars in circulation 2000-2022 | Statista? ›

The total value of USD in circulation increased significantly between 2000 and 2022, with 100 dollar bills taking up the large majority. As of December 31, 2022, the overall value of 100 dollar bills in circulation amounted to more 1.8 trillion U.S. dollars.

Basic Info. US Currency in Circulation is at a current level of 2.351T, down from 2.353T last week and up from 2.344T one year ago. This is a change of -0.11% from last week and 0.27% from one year ago.

Volume of U.S. dollar banknotes in circulation 2002-2022, by denomination. In 2022, there was a total of 54.1 billion U.S. dollar notes in circulation, almost one billion more than in the previous year. Out of the 54.1 billion, 18.5 billion were 100 dollar bills, which had the highest volume in circulation.

The $100 bill is far and away the most common U.S. paper currency, dwarfing even the $1 bill. The number of bills bearing Benjamin Franklin's mug more than doubled between 2012 and 2022, faster growth than any other denomination, according to the most recent Federal Reserve data.

American paper currency comes in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.

$10,000 Bill

Public domain. The largest denomination ever printed for public consumption, the $10,000 bill never got much use. This lack of use is understandable, given that its value outstripped the net worth of the average American during most of the time it was available.

No. While a $200 denomination and presumably a $2000 denomination might have been useful, the US for unknown reasons skipped over those and produced only $500, $1000, $5000 and $10,000 high-denomination bills.

And even though you don't see a lot of $2 bills in everyday life, they are still being printed. The Treasury Department's Bureau of Engraving and Printing (BEP) planned to print up to 204 million $2 bills in 2022, CNN reported.

On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

Approximately 42,000 of the $100,000 bills were printed. Many of the $100,000 bills were destroyed in the years following their commission, with the remaining few in possession of the United States federal government.

How many 100000 dollar bills still exist? ›

There were 40,000 $100K notes printed way back in 1934. They were used only for gold transactions between the U.S Treasury and the twelve Federal Reserve Banks. They were never released into general circulation. There are only twelve $100,000 bills in existence today.

Uncommon but not rare

The Federal Reserve reported that in 2022, $2 bills in circulation amounted to $3 billion, a small fraction of the total $54.1 billion currency circulated that year. The note is considered uncommon but not rare.

Although $2 bills are rare to find, if you own one, there's a chance it has a high value. Based on specific factors, some versions of the currency may be worth up to $5,000, per the US Currency Price Guide. FOX 13 Tampa reported that these bills were discontinued by 1966 but brought back 10 years later.

Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.

US dollar (USD)

Issued by the Federal Reserve (Fed), the US dollar is the official currency of the United States. It is the number one most traded currency globally, accounting for a daily average volume of US$2.9 trillion.

The dollar had an average inflation rate of 1.45% per year between 1800 and today, producing a cumulative price increase of 2,392.61%. This means that today's prices are 24.93 times as high as average prices since 1800, according to the Bureau of Labor Statistics consumer price index.

Money Supply M2 in the United States averaged 5266.06 USD Billion from 1959 until 2024, reaching an all time high of 21722.30 USD Billion in April of 2022 and a record low of 286.60 USD Billion in January of 1959. source: Federal Reserve.