Why Governments Should Encourage Laundering Money

January 13, 2014 in Daily Bulletin

Launder your money. One could argue it’s your civic duty according to a research paper:

  • A standard American currency bill lasts anywhere between three and fifteen years depending on its denomination.
  • Oils from human skin build up on the bills and eventually turn them yellow.
  • Central banks print out new bills to replace 150 billion old bank notes every year.
  • 150,000 tons of bills have to be shredded.
  • All of this costs $10 billion.
  • However the bank notes can be cleaned fairly easily, without harming the bill’s security features such as holograms by “superciritcal” CO2 – saving the economy billions.

Read more about the study here.

Source: ACS