The status of major reserve currency hardly requires any explanation, considering that the economy of the United States is one of the strongest world economies.
There was approximately $1.69 trillion in circulation as of September 2018.
Here are some interesting facts about the US dollar:
- Around 70% of 100 dollar banknotes are in circulation outside the territory of the country;
- Around 25 million currency notes are being issued daily with a total value of approximately $640 million;
- The estimates of the number of new banknotes used to replace the worn currency range between 70% and 95%;
- The lifetime of currency notes is 5 . to 15 years depending on the denomination.
Today, the currency notes of 1, 2, 5, 10, 20, 50, and 100 dollar denominations are in circulation. In the past, there used to be dollar banknotes of $1,000, $5,000, $10,000, and $100,000 denominations.