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$931.4 million. Thats how much the Federal Reserve will spend to print bills in 2023. But theres a problem with us cash. We havent modernized or changed our currency. Thats probably a mistake. For example. We should have dollar coins instead of paper notes. Physical currency has changed around the world, but not in the US. The Nordic countries we see a move away from cash into digital. India had a government sponsored program to eliminate small denominations of cash. The rest of the world has moved towards polymer notes, which are a form of plastic . Lasts something like four times as long as the old paper notes. Meanwhile, an increasing number of Americans are ditching cash for electronic payments. The Pew Research Center found 41% of Americans in 2022 didnt use cash in a given week. That number rose from 29% in 2018. Still, cash demand is growing, and experts say its not going away. Theres actually more cash in circulation today than ever. Cash production has been growing year
