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US Government Prints 756 Million New $50 Bills as Americans Begin Hoarding Cash


US Government Prints 756,096,000 $50 Bills As Americans Begin Hoarding Physical Cash: Report   The Federal Reserve Bank is printing a record number of $50 bills as Americans feel the urge to hold physical cash. The Bureau of Engraving and Printing, the agency in charge of money printing operations in the US, created 756.09 million new $50 bills in 2022, reports CNN. The pile of fresh cash is worth about $37.8 billion. According to the San Francisco Fed, the printing is due to a rise in demand for physical cash in the US, despite a decreasing use of cash for payments. Citing…

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