Value of Currency in Circulation: $2
CURRVAL2 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
70.00%
Date Range
1/1/1993 - 1/1/2024
Summary
The Value of Currency in Circulation: $2 tracks the total dollar amount of $2 bills currently in circulation across the United States. This metric provides insights into cash usage patterns and monetary dynamics within the U.S. economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the aggregate value of $2 bills held by the public, financial institutions, and in reserve. Economists analyze this trend to understand currency preferences, cash transaction behaviors, and potential shifts in monetary circulation.
Methodology
The Federal Reserve calculates this value by tracking the total number of $2 bills in circulation and multiplying by their face value.
Historical Context
This data helps policymakers and economists assess cash usage trends, monetary supply, and consumer spending behaviors.
Key Facts
- $2 bills are less commonly used compared to other denominations
- The value represents total $2 bills in public and institutional possession
- Tracking helps understand broader monetary circulation patterns
FAQs
Q: Why are $2 bills less common?
A: $2 bills are printed less frequently and have limited practical use in everyday transactions. Many people consider them novelty items or collectibles.
Q: How often are $2 bills printed?
A: The U.S. Treasury prints $2 bills periodically based on demand and circulation needs, which are typically much lower compared to $1 or $5 bills.
Q: What does the CURRVAL2 series indicate?
A: CURRVAL2 specifically measures the total dollar value of $2 bills currently in circulation, providing a snapshot of this particular currency denomination's prevalence.
Q: How do economists use this data?
A: Economists analyze $2 bill circulation to understand cash preferences, potential regional variations in currency use, and broader monetary behavior patterns.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates currency circulation data periodically, with most comprehensive reports released quarterly or annually.
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Related Trends
Value of Notes Printed by Bureau of Engraving and Printing
NOTEVALUE
Other Liquid Deposits: Total
MDLM
Volume of Notes Printed by Bureau of Engraving and Printing
NOTEVOLUME
Volume of Currency in Circulation: $500 to $10,000
CURRVOL500
Volume of Currency in Circulation: $2
CURRVOL2
Volume of Currency in Circulation: $50
CURRVOL50
Citation
U.S. Federal Reserve, Value of Currency in Circulation: $2 [CURRVAL2], retrieved from FRED.
Last Checked: 8/1/2025