2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
The United States of America has a relatively short history of its formation. However, during this time, a huge number of events took place on the territory of this state that influenced the development of life not only within the country, but also far beyond its borders. The thing is that it is the New World (as America was called after its discovery) that has a powerful lever of influence on the world community. We are talking about the US national currency - the dollar.
GDP of this state occupies a huge share in the total world volume. It is thanks to the sustainable development and growth of the country's welfare that its national currency is rightfully the main reserve currency of the planet's economy.
New World Dollar
The dollar bills that modern society knows originally had a completely different look. The issue of monetary units began in the United States in 1861, when the country was undergoing the Civil War, called the "War of the North and the South." Even the banknotes issued at that time are still a full-fledged means of payment. Each dollar includes one hundred US cents. At the same time, the emissionBank notes can only be produced by institutions that are members of a US trust called the Federal Reserve.
All dollar bills issued before 1971 were backed by the country's gold reserves. Then this law was abolished, and today the issue of banknotes does not contain a "solid" and "metal" basis. An interesting point is that in addition to the United States, this currency is considered national in other countries. El Salvador and the Marshall Islands successfully use New World dollar bills.
Banknotes and coins
Along with paper money, citizens of the country also use metal signs. The one cent coin features the image of Abraham Lincoln. Being smaller in face value, this sign is by no means the smallest in size. More miniature is the dime coin. Between these two metal circles there is also an intermediate minted sign - five cents. In addition, there are quarter, half and one dollar coins in circulation.
And the penultimate ones began to be produced relatively recently - in 2011. Dollar bills are also issued in almost all of these denominations. However, there are some peculiarities: there is no banknote of 25 dollars - only 20.
Don't forget the additional paper money. Despite the presence of banknotes of various denominations, the most popular among the counterfeit ones is the one hundred dollar bill with the image of Benjamin Franklin. This banknote is one of the most common in the world. Currently, the US government is already in full swing introducing a new, more secure banknote into world circulation.
Another interesting banknote put into circulation is the $2 bank note. The issue of these banknotes is not constant, so getting it into your wallet is not as easy as the usual 1 or 5 dollars. A bill of 3 American monetary units also existed. However, for a very short time. The main feature of the three-dollar bill was its one-sided "coloring". At the moment, the US government is considering options for withdrawing denominations of the minimum denomination from circulation. Soon, one-dollar and two-dollar bank notes will be replaced by metal counterparts. However, the final scheme for the implementation of this procedure has not yet been announced.
Large rare bills
Many believe that the largest dollar bill is a bank note of one thousand dollars. Only a few people know that on the territory of the country of "bald eagles" banknotes with a denomination exceeding a thousandth, five, ten and even a hundred times were in circulation. At the same time, only the last bill never hit the masses. However, in order to combat corruption and crime, the issuance of bank notes worth more than one hundred dollars was stopped. Until now, in some places in the United States, you can find bills of 1000 or 500 dollars, the cost of which is much higher than the face value from numismatists.
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