.png){kind=small}
With the advent of online payment systems and the rise of debit cards, physical currency may seem like a relic of a bygone era. But right now, there’s still a lot of it going around.
Let’s examine how the total amount of United States, Euro, Yen, and total worldwide currency actually looks. Spoiler alert: it’s big.
The Dollar
The United States dollar is the world's most traded currency, with 2.33 trillion dollars circulating in coinage and notes.1,2
So, how big is a dollar? Stacked together, the 54.1 billion notes currently in circulation would take up 1.8 million cubic feet of space.3, 4
That amount of currency would fill 20 Olympic-sized swimming pools and would fill the Lincoln Memorial Reflecting Pool in the capital 2.5 times over.5
The Euro
The Euro is the second most popular traded currency in the world, and the most popular in Europe.2
There are 14.4 billion €50 notes in circulation. So, how big is the Euro? At 16.7 square inches each, all the €50 notes could almost completely cover Washington D.C, or half of Dublin, or Disneyworld 1.5 times over.6,7,8
The Yen
The Japanese yen is third most traded currency in the world, and the most popular in Asia.2
So, how big is the yen? There are 18.5 billion ¥ banknotes in circulation, long enough to circle the globe about 72 times, climb Mount Fuji 491 times, or go to the moon and back 4 times. 10
Worldwide
There’s a name for the total amount of actual currency stuffed into people’s pockets, lost in couch cushions, and stored in bank vaults. Economists call it M0.19
So, what’s the M0 for the entire planet? Something close to $8.275 trillion.11
Turns out that $5 trillion, or M0, takes up a lot of space. But we have to do a lot of abstracting to properly visualize it. Let's assume that $8.275 trillion comes to us $100 bills.
It would weigh 3.5 times as much as the Statue of Liberty.12,13
It would cover the Grand Canyon 11,000 times over. 14
And laid end-to-end, that M0 measure of $100 bills would circle all of planet Earth 322 times.15
Now that's a lot of dough!
Sources:
Investopedia.com, May 9, 2023
FederalReserve.gov, February 22, 2024
Wikipedia.org, 2024
FederalReserve.gov, 2024
TheMeasureofThings.com, 2024
ECB.eu, 2024
ECB.eu, 2024
TheMeasureofThings.com, 2024
Any companies mentioned are for illustrative purposes only. It should not be considered a solicitation for the purchase or sale of the securities.
BOJ.jp, 2024
GoBankingRates.com, March 16, 2023
USCurrency.gov, 2024
TheMeasureofThings.com, 2024
NPS.gov, 2024
Wikipedia.org, 2024
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
Bình luận