Well … after spending the last few day asking people to check their wallets , purses and stash jars for cash that is dated 2010 or later , no one has yet to find any.
So I am doing some further research , perusing the government sites to see if perhaps it’s simply a matter of them holding back new currency for several years before releasing into the wild so to speak.
One thing I have found interesting here on the New York Fed Site , is the life span of the currency itself check it out.
“As shown in the table below, the life of a note varies according to its denomination. For example, a $1 bill, which gets the greatest use, remains in circulation an average of 21 months; a $100 bill lasts about 7.4 years.”
Hear in 2010 they talk about releasing the new $100 bill in 2011 , I have yet to see one past 2009 .
“There was approximately $1.19 trillion in circulation as of June 5, 2013, of which $1.15 trillion was in Federal Reserve notes.
With that much currency in circulation you would think we would see some 2010, 2011, 2012 , 2013 notes floating around.
After much Googling , I can’t find anywhere , that says where or when new currency is released, it very vague , they give you a schedule of when its actually produced , but no dates regarding putting into circulation, or if they hold it for years in some vault before it goes into circulation, which seems unlikely given the life span of currency as shown below.
| $1 | 1.8 |
| $5 | 1.3 |
| $10 | 1.5 |
| $20 | 2 |
| $50 | 4.6 |
| $100 | 7.4 |
There was a couple articles about releasing new 2009 $100 bills , and a new one coming out in 2013, however there is nothing I could find about smaller denomination releases , anywhere.
Very strange indeed, or very normal , considering the current economic state of affairs , I have no idea at this point, but it does peak my curiosity.
