Currency

Episode 560: Hunting For The Hundreds

Listen

16 min 49 sec
 
Save this episode (beta): Listen to this Later on Stitcher
US hundred dollar bills i i
SERGIO GOYA/DPA /Landov
US hundred dollar bills
SERGIO GOYA/DPA /Landov

The $100 bill is the most popular product from the Federal Reserve. Eighty percent of all U.S. cash is in the form of hundreds, but you rarely see them.

About 20 years ago, the Federal Reserve of the United States counted up all the hundreds it knew about — money in bank vaults and cash registers — and it found it had no idea where most of the $100 bills had gone. And so they went on a mission to find them.

Today on the show, where in the world are all the hundreds? What is Benjamin Franklin being used for? For good? For evil? For drugs? And if we don't know where they all are, should the U.S. keep making them?

Music: Lorde's "Million Dollar Bills." Find us: Twitter/ Facebook/ Spotify. Download the Planet Money iPhone App.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.