American monetary government agencies reported the useful life of the paper that makes up their currency
When a dollar is deposited in a bank in the United States Federal Reserve (FED)their quality is evaluated by a processing team. The banknotes that are in good condition remain in circulation and those that are not are replaced. The lifespan of the banknotes depends on many factors.
The Fed has a certain value for its dollars. The duration of the dollar bills used constantly for transactions and those used as a reserve of value is different. For example, the 5 dollar bill has the shortest duration because it is the most used, and the 100 dollar bill is the longest lasting because it is used as a savings method.
This is the life expectancy of dollars, according to the US Federal Reserve
The useful life of dollar bills is estimated by the nominal value they represent. But it is not simply because the lower denomination bills are of lower quality, but because constant use causes them to deteriorate more quickly. That is why the 1 dollar bill lasts an estimated 6.6 years and the 5US$ bill lasts only 4.7 years because it is the most common bill in the entire country.
The $10 bill is also more common than the lower-denomination bill. It therefore lasts 5.3 years. To increase the lifespan beyond 7 years, only the $20 bill qualifies, with a lifespan of 7.8 years. The $50 bill lasts an estimated 12.2 years, and finally the $100 bill has a lifespan of 22.9 years.
Source: Ambito
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