Money constantly moves in a cycle from consumer to business to employee. Every time you send or receive money, you take part in that cycle. Money can move an impressive distance as these transactions happen. On average, a dollar bill moves two miles per day and changes hands 55 times per year. And that’s just printed for currency — digital transactions help move money even farther and much more quickly.
The lifespan of a $1 bill is less than six years, so new money is constantly printed to replace old. As a matter of fact, 90 percent of all new money merely replaces currency already in existence. Moreover, new money is getting more advanced, including measures to prevent counterfeiting.
U.S. dollar bills are printed in Washington, D.C., and Fort Worth, TX, by the Bureau of Engraving and Printing, and U.S. coins are minted in Philadelphia, San Francisco, and Denver. Then the money travels across the United States to Federal Reserve Banks, where many smaller banks have accounts allowing them to pay for cash withdrawals.