Federal Reserve Reuses, Recycles 90% of Worn-Out Bills

choi

Ben Leubsdorf, Your Used Cash Isn’t Trash; More worn-out bills that once ended up in the landfill are being recycled. Wall Street Journal, Dec 23, 2014.
www.wsj.com/articles/fed-scores- ... om-trash-1419294909

Quote:

“The Fed destroys more than 5,000 tons of US currency a year * * * Most of it once went to landfills, but the central bank has pushed for years to go green with all that green.

Nowadays: "Power plants burn them for fuel. Compost piles turn them into fertilizer. * * * United Fibers LLC is one of many destinations, receiving three shipments of shredded cash a month at its factory in Chandler, Ariz. Old money, it turns out, is good for making cellulose insulation for houses, said Larry Williams, marketing and sales director for the company, which mostly relies on recycled newspapers and other paper products for raw material. It’s also been good for marketing. 'When you tell people you’re actually insulating their house with shredded money, it’s a great selling point for us,' Mr Williams said.

My comment: There is no need to read the rest.