US Government Prints Less Money in August
September 21, 2009 by goldguru · Leave a Comment
The US government printed less money for the third consecutive month, according to the agency responsible for manufacturing US currency.
Bureau of Engraving and Printing (BEP) figures released Wednesday shows that the government produced fewer total notes in August than in July.
The BEP again exclusively printed $1s, $20s and $100s. Added together, 435,200,000 banknotes were manufactured during the month. The total dollar value of those notes, however, was slightly higher with additional $20s making up the difference. August came in at $16,345,600,000 versus the $16.3 billion in July.
Spread across the 31 days in August, the BEP averaged 14 million notes per day with a total daily value of about $527.3 million.
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