Correction, BEP Prints $635 Million Dollars Daily Not Billion Fox 5 Made this known on the 12:00pm N

BrokenArrow · February 22, 2006 12:10PM

Fox 5 did a show tonight on error coins and notes, but also mention that the BEP prints 35 million notes daily, and the value is in the range of $635 billion a day, can this be possible? Give me your views. $635 billion daily,not million.

Shamika · February 22, 2006 12:20PM

That can't be right. Otherwise, we're talking about $230+ TRILLION dollars per year.

$635 million would be far more believable.

pursuitofliberty · February 22, 2006 12:30PM

Of course there is the other reason it wouldn't be a "billion" ... at 35 million notes a day the notes would have to be an average face value of almost 20,000. each. Last time I checked, we aren't printing them that big.

BrokenArrow · February 22, 2006 12:39PM

Well I just went back to Tivo and the lady stated 635 Billion, I should call the station and make a stint about it huh. Also 35 million notes=daily, how in the world can these guys look at that many notes for errors and pack it away and, and, and, and, somebody stop me, this can't be true, I will get to the bottom of this and update the forum at a later time.

WTCG · February 22, 2006 12:43PM

Remember that the majority of United States Dollars circulate outside of the U.S. It is said that at least 80% of the circulating $100 notes are currently in foreign circulation.

Shamika · February 23, 2006 12:06AM

<< Well I just went back to Tivo and the lady stated 635 Billion, >>

Are you sure she was American? In some countries 1,000,000 is identified as one billion instead of one million. I suppose the BI in BIllion refers to two groups of three zeros just as one TRIllion (1,000,000,000) refers to three groups of three zeros.

mgoodm3 · February 23, 2006 12:12AM

$3.50

Conder101 · February 23, 2006 12:36AM

<< how in the world can these guys look at that many notes for errors and pack it away >>

Well for one thing most of the error checking is actually done by machine, not people. The machines can scan hundreds of sheets or more per minute. All of the counting ad packing is done by machine as well.

<< In some countries 1,000,000 is identified as one billion instead of one million. >>

I think you have to shift that about three zeros. I'm fairly sure that 1,000,000 is a million in all countries. The difference comes at 1,000,000,000. We call it a billion, and I believe in som other countries it is a Milliard. Then what we call a trillion 1,000,000,000,000 they call a billion.

Just checked, I was right million is a million everywhere and their billion is our trillion.

chabot510 · February 23, 2006 12:56AM

<< $3.50 >>

Tootawl · February 23, 2006 1:12AM

<< 

<< $3.50 >>

>>

I think he meant to say "tree fiddy".

carl · February 23, 2006 1:53AM

<< Of course there is the other reason it wouldn't be a "billion" ... at 35 million notes a day the notes would have to be an average face value of almost 20,000. each. Last time I checked, we aren't printing them that big. >>

WHAT. There is no $20,000 bills? Are you sure? I was planning on going to the bank today and asking for a few of them. Are you sure? With the prices of gasoline today, bills of that size may be required.

Sounds like some of us are beginning to believe the news media a little to much.

BrokenArrow · February 23, 2006 3:09AM

<< Fox 5 did a show tonight on error coins and notes, but also mention that the BEP prints 35 million notes daily, and the value is in the range of $635 billion a day, can this be possible? Give me your views. $635 billion daily,not million. >>

Fox 5 Washington Dc recanted the total of the amount of money the BEP prints daily, it is $635 MILLION Not $635 Billion. sorry I thought it was too high.

mgoodm3 · February 23, 2006 3:11AM

<< 

<< 

<< $3.50 >>

>>

I think he meant to say "tree fiddy".

>>

Yeah, you got me there.

Correction, BEP Prints $635 Million Dollars Daily Not Billion Fox 5 Made this known on the 12:00pm N

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