Comment by robocat
3 hours ago
> rats chewing up the money
Profit for the US government. Fixed by plastic bills.
Every $ printed but never redeemed is a significant profit (assuming other costs are low like printing).
Especially yummy when countries just want to hoard the currency - same as selling stamps that are never used:
estimate the stock of U.S. currency circulating in Argentina ... U.S. currency inflows during 1988-1992 totaled $20.8 billion
https://www.federalreserve.gov/pubs/ifdp/1993/460/ifdp460.pd...
> Every $ printed but never redeemed is a significant profit
Redeemed? Redeemed for what? Its not like they're still trading dollars for gold at any kind of fixed rate.