{"id":6902,"date":"2012-11-22T12:00:38","date_gmt":"2012-11-22T17:00:38","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=6902"},"modified":"2012-11-22T12:21:53","modified_gmt":"2012-11-22T17:21:53","slug":"the-demand-for-100-bills","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/the-demand-for-100-bills\/","title":{"rendered":"The Demand For $100 Bills"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/11\/112212_1715_TheDemandFo1.jpg\" alt=\"\" width=\"640\" height=\"477\" \/><\/p>\n<p>Matt Phillips described a strange quirk of American currency \u2013 close to four out of every five bills \u2013 77% &#8211; are $100 bills. Seeing as most people don&#8217;t stuff their wallets with $100 bills, what&#8217;s going on?<\/p>\n<ul>\n<li>The demand for $100 bills has been rising since the 70s. This is, in part, a result of inflation. Things didn&#8217;t really cost $100 before then.<\/li>\n<li>Most $100 bills appear to be kept outside the United States \u2013 the majority of the demand for the bills comes from a New York office which sends the bills abroad in pallets with $64 million worth of bills.<\/li>\n<li>The amount of American currency outside of the United States is estimated to be anywhere between 25% and 70% of all bills.<\/li>\n<li>Those outside the US aren&#8217;t using the bills to buy groceries. Instead they&#8217;re stores of value that are insurance against unstable domestic currencies.<\/li>\n<li>American currency is also the preferred means of exchange for illicit transactions related to the drugs, arms, and human trafficking markets.<\/li>\n<\/ul>\n<p>Read more about why credit cards might threaten the supremacy of the $100 bill, and why this would be bad for America&#8217;s deficit over <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2012\/11\/-100-bills-make-up-80-of-all-us-currency-but-why\/265518\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2012\/11\/-100-bills-make-up-80-of-all-us-currency-but-why\/265518\/\">The Atlantic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matt Phillips described a strange quirk of American currency \u2013 close to four out of every five bills \u2013 77% &#8211; are $100 bills. Seeing as most people don&#8217;t stuff their wallets with $100 bills, what&#8217;s going on? The demand for $100 bills has been rising since the 70s. This is, in part, a result [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/11\/112212_1715_TheDemandFo1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=6902"}],"version-history":[{"count":4,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6902\/revisions"}],"predecessor-version":[{"id":6906,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6902\/revisions\/6906"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/6901"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=6902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=6902"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=6902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}