There are Now More $100 Bills in the World Than $1 Bills2

There are now more $100 U.S. bills than $1 bills in the world, a seemingly absurd fact that holds some big lessons about the global financial system—especially for the cryptocurrency advocates who are trying to reshape it.

The switch happened by 2017, according to a report last week from The Washington Post. The U.S. Federal Reserve, which oversees the printing of bills, doesn’t seem concerned about the shift: the production of $100 bills is actually accelerating, according to the Post.

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