Have you ever wondered how much does it cost to print money? Well, we did, and we have the answer for you.
These data, taken from Federal Reserve reveal the printing cost of each note:
| Denomination | Cost of Production |
|---|---|
| $1 and $2 | 5.5 cents per note |
| $5 | 10.9 cents per note |
| $10 | 9.9 cents per note |
| $20 and $50 | 10.6 cents per note |
| $100 | 14.3 cents per note |
As you can see, the more it’s worth, the more it costs to produce. These printing costs constitute about 90 percent of the Federal Reserve’s currency budget. Expenses for currency transportation, the currency quality assurance (CQA) and counterfeit-deterrence programs, the new BEP facility, the currency reader program, other costs to reimburse the BEP, and the currency education program (CEP) make up the remaining 10 percent.
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Photo: Wikimedia