Money Supply M0 in the United States decreased to 5648600 USD Million in May from 5732900 USD Million in April of 2025. This dataset provides - United States Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The annual value of new banknotes printed in the United States varied significantly between 2002 and 2023, showing a clear downward trend in recent years. The peak was in 2012, when the Bureau of Engraving and Printing produced banknotes valued at 386.6 billion U.S. dollars. During the quantitative easing of 2021, 319.7 billion U.S. dollars worth of banknotes were printed, marking the third-highest figure within the period. By 2023, the value of new banknotes printed had dropped by half, reaching 162.4 billion U.S. dollars. At the same time, the value of currency in circulation reached 2.29 trillion U.S. dollars in 2023.

Graph and download economic data for Currency in Circulation (CURRCIR) from Aug 1917 to Jun 2025 about currency and USA.

Graph and download economic data for Value of Notes Printed by Bureau of Engraving and Printing (NOTEVALUE) from 1993 to 2024 about printing, issues, notes, currency, and USA.

United States - Currency in Circulation was 2385.15400 Bil. of $ in May of 2025, according to the United States Federal Reserve. Historically, United States - Currency in Circulation reached a record high of 2385.15400 in May of 2025 and a record low of 3.71400 in August of 1917. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Currency in Circulation - last updated from the United States Federal Reserve on July of 2025.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by June 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by *************, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

Money Supply M2 in the United States increased to 21942 USD Billion in May from 21862.40 USD Billion in April of 2025. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The annual volume of new banknotes printed in the United States has fluctuated since 2002. In 2022, six billion banknotes were printed by the Bureau of Engraving and Printing in the United States. This was the second lowest volume of banknotes printed during the observed period. At the same time, the total volume of currency in circulation increased steadily throughout the observed period and exceeded 54 billion banknotes in 2022.

Graph and download economic data for Average Hourly Money Earnings in Book and Job Printing for United States (A0851AUSA052NNBR) from 1890 to 1928 about printing, jobs, earnings, hours, and USA.

The number of notes printed in a Fiscal Year by denomination

Graph and download economic data for Monetary Base: Currency in Circulation (MBCURRCIR) from Jan 1959 to May 2025 about monetary base, currency, and USA.

Graph and download economic data for Volume of Notes Printed by Bureau of Engraving and Printing (NOTEVOLUME) from 1994 to 2024 about printing, issues, notes, currency, and USA.

Money Supply M1 in the United States increased to 18712.60 USD Billion in May from 18667.60 USD Billion in April of 2025. This dataset provides - United States Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Monetary Base: Total (BOGMBASE) from Jan 1959 to May 2025 about monetary base and USA.

The total value of currency in circulation in the United States reached approximately 2.3 trillion U.S. dollars in 2023, marking a slight increase from the previous year. Over the observed period, the value of currency rose steadily, with a notable spike in 2020. In 2023, the overall value of 100-dollar bills in circulation accounted for 1.89 trillion U.S. dollars.

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Banknote Market Size 2025-2029

The banknote market size is forecast to increase by USD 2.19 billion, at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to the rising financial inclusion efforts and increasing numbers of countries outsourcing their currency printing. The drive towards financial inclusion is expanding the market as more individuals gain access to formal financial services, necessitating the use of physical currency. Moreover, the trend of countries outsourcing currency printing to specialized entities is fueling market growth, as these organizations possess advanced technology and expertise, enabling the production of high-quality banknotes. However, the market faces challenges, including the increasing use of cryptocurrencies. As digital currencies gain popularity, they pose a potential threat to traditional paper currencies.
Additionally, the production of counterfeit banknotes continues to be a significant challenge, requiring ongoing efforts from market participants to develop advanced security features and countermeasures. Companies seeking to capitalize on market opportunities should focus on innovating security features and providing cost-effective solutions for currency production. Meanwhile, navigating the challenge of cryptocurrencies may involve exploring partnerships or offerings that complement rather than compete with digital currencies.

What will be the Size of the Banknote Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and advancements in technology. Digital currencies and increased transparency are reshaping financial transactions, leading to increased demand for secure banknote production and authentication systems. Intaglio printing, UV fluorescence, and holographic security threads are among the security standards used to ensure banknote authenticity. RFID technology and NFC integration offer new possibilities for banknote tracking and management. Wear and tear, a constant challenge in banknote circulation, is addressed through advanced printing processes and materials like polymer banknotes. Banknote recycling and inflation control are essential aspects of economic development, requiring robust compliance standards and data security measures.

Financial inclusion and currency exchange are facilitated by cash handling solutions, including cash deposit machines and advanced cash management systems. Central bank printing and design play crucial roles in maintaining financial stability and fostering financial literacy. Monetary policy and anti-counterfeiting technologies, such as security ink and metallic threads, are integral to maintaining currency value and combating forgery. Government regulations and anti-money laundering (AML) measures ensure banknote circulation adheres to ethical and legal standards. Banknote verification and authentication systems employ various techniques, including serial number management and optical variable ink, to maintain the integrity of banknote circulation.

The ongoing pursuit of innovation and security in banknote production and management continues to drive market growth and adapt to the evolving financial landscape.

How is this Banknote Industry segmented?

The banknote industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  State-owned
  Commercial


Application

  Intaglio printing
  Offset Printing
  Letterpress Printing


Geography

  North America

    US


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The state-owned segment is estimated to witness significant growth during the forecast period.

Banknotes play a crucial role in financial transactions, with their production and authentication overseen by various entities to ensure security and compliance. Historically, banknotes have been printed by state-owned printers, or state print works (SPWs), to maintain control over design and anti-counterfeiting features. For instance, the US Bureau of Printing and Engraving took over exclusive banknote printing in 1877 to protect national security and sensitive information. Modern banknote production involves advanced technologies like intaglio printing, UV fluorescence, holographic security threads, and optically variable ink. Banknote sorting, tracking, and authentication systems employ RFID technology, digital asset management, and serial number management to maintain currency integrity.

Polymer banknotes, digital currencies, and financial inclusion i

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Printing and Related Support Activities: Total Cash on Hand and in U.S. Banks (QFRTCASH323USNO) from Q4 2000 to Q1 2025 about support activities, printing, cash, finance, nondurable goods, corporate, goods, banks, depository institutions, manufacturing, industry, and USA.

The statistic shows the last point in time consumers spent money on printed books in the United States as of April 2017. During the survey, 41 percent of respondents stated that they had spent money on printed books within the last month.

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Publishing Industries, Except Internet: Total Cash, U.S. Government and Other Securities (DISCONTINUED) (QFRTCASH2511USNO) from Q4 2009 to Q3 2024 about internet, printing, cash, information, finance, securities, corporate, government, industry, and USA.

The statistic shows the last point in time consumers spent money on printed books in the United States in 2017, by ethnicity. During the survey, 55 percent of Hispanic American or Latino respondents stated that they had spent money on printed books within the last month.