So wouldn’t it make more sense to start paying with $2 bills instead? It’s considered a curiosity to some and scorned by others in the United States. There were 1.4 billion $2 bills in circulation in 2020, according to the latest data from the Federal Reserve. BEP doesn’t have to request new $2 bills each year, like it does for other bills. It’s also more efficient to print $2 bills than $1 bills because the Treasury can print twice as much for the same amount of money and requires less storage.

Source: CNN September 17, 2022 17:47 UTC