American dollars are the most common currency in the world. The dollar acts not only as a reserve currency in most countries of the world, but also in some countries other than America, is a national currency sign. Among the countries where this currency is present in circulation includes East Timor and Zimbabwe, Ecuador and Panama, El Salvador and the island countries of the Caribbean Sea, Oceania. Each of the states has its own compelling reasons for using the dollar as the main currency. You can talk about the lack of funds in East Timor to create their money and about the global hyperinflation in Zimbabwe.
What are the bills?
Today in circulation you can find notes of dollars with denominations of 1 and 2, 5 and 10, 20 and 50, 100. Coins with denominations of 1 and 5, 10 and 25, 50 cents are common. Popular one-dollar coin. The most rare note is 2 dollars. According to official reports, 2.5 billion copies were released in 2009, and today the circulation does not exceed 44 million currency. The situation led to the myth that a $ 2 bill is a rarity. In fact, the Americans found it inconvenient to use it for settlements. As a result, the banknote was collected, and its presence in the wallet was perceived as a symbol of good luck. The most popular in the world are 100-dollar bills. This is what led to the emergence of a large number of fakes of this particular currency.
What does a dollar bill look like?
All dollar bills have their own unique design. For example, on the banknote of $ 1 you can see the image of George Washington. On the reverse side of the currency is a large seal of America. The introduction of banknotes into circulation occurred in 1862. The first money was the image of Salmon Chase, who at that time served as head of the Ministry of Finance. The habitual image of Washington has been decorated with banknotes since 1869. The destruction of about $ 35 million with a face value of $ 1 on machines in the Federal Reserve System due to wear and tear, which indicates a wide use of the currency by citizens of the country, occurs every day. A daily printing of a banknote is carried out in the same amount.
Interesting and fascinating history of the 2-dollar bill
The $ 2 bill appeared simultaneously with a one-dollar fellow, but as early as 1966, its issue was stopped until 1976. On the front of the banknote there is a portrait of Thomas Jefferson, and the reverse side is decorated with the Declaration of Independence. Many wonder about how much a $ 2 bill costs, since they consider it rare. In fact, a huge supply of banknotes of this denomination is in the Federal Treasury. The lack of demand for a currency as a means of payment eliminates the need for its additional issue. In the past, no one was interested in the question of how much a $ 2 bill costs, since it was considered unlucky. For her there was no place in the cash registers of the past. It is these facts that became the primary cause of the formation of the set of signs associated with a banknote.
What do banknotes of 5 and 10 dollars look like?
Dollar notes with a denomination of 5 banknotes are more in demand than 1 and 2 dollars. The front of the banknote is decorated with a portrait of Abraham Lincoln. On the back you can see his memorial. On the $ 10 bill, it was decided to place an image of Alexander Hamilton, who, like Benjamin Franklin, was not the president of the United States. On the reverse side of the bill you can see the US Treasury. Today, American money depicts the presidents of America. At the beginning of the 20th century, these same bills were decorated on the one hand by the portrait of William McKinley, who served as the 25th President of America, and on the other hand was the image of a bison.
What do banknotes of 20 and 50 dollars look like?
Banknote of 100 dollars: a tour of history
Dollar notes with a denomination of one hundred monetary units first appeared in the United States in 1862. The banknotes were decorated with a bald eagle, which was considered to be the country's national bird. The portrait of Benjamin Franklin did not always adorn the front of the banknote. Before his appearance, Oliver Perry and David Farraguta, James Monroe, who became the fifth president of the United States, and Abraham Lincoln, the 16th president of America, were depicted on the front of the banknote. The image of Franklin first appeared on the banknote only in 1914. He is known not only as the head of state, but also as a scientist, on whose account a multitude of scientific works on the distribution of paper money.
Since the 1920s, the size of the banknote has been reduced by 30%. This made it possible to issue dollar notes with lower production costs. Money issued in 1923 and later, have a certain similarity with modern banknotes. The latest new $ 100 bill appeared in 2013. Its characteristic difference was the color and the numerous number of protective signs. Until 2013, changes in the design of banknotes were carried out in 1991, in 1996 and in the 2000s. Systematic changes in the design of a banknote are associated with the distribution of counterfeit money.
Banknotes of other denominations
Not always $ 100 was the largest bill in America. Since 1918, the Federal system has been engaged in the issue of other banknotes: $ 500 and 1000, 5 thousand and 10 thousand. $ 10,000 has never been a valuable means of payment and in 1934 acquired the form of a certificate. The banknote was used for mutual settlements between treasuries and the Federal system. The history of large banknotes ended in 1969, when President Richard Nixon completely banned the printing of banknotes whose face value was more than one hundred dollars. At the moment, dollars, banknotes of which exceed 100, are collectible value. They are sold much more expensive than their actual nominal cost. So, there are no more than 130 banknotes of 10 thousand today. Large denomination banknotes are still valid.
The presidents are also depicted on rare money with par value over 100. The $ 500 note is decorated with a portrait of William McKinley, the 25th President of America. The thousand dollar bills were decorated with portraits of the 22nd and 24th President of the United States, Grover Cleveland. On the five thousandth banknotes you can see the image of James Madison, 4th President of America. Since 1957, at the initiative of Salmon Chase, a new inscription has decorated the dollar. Photo bills clearly show that already in 1963, the expression "We hope for God" was used to print money all the time. On the famous banknote of 100 thousand dollars they placed the image of the 28th President Woodrow Wilson. The banknote was initially focused on the internal calculations of the US Federal Reserve and was never used in free circulation.
Is there a million dollar bill?
Among the banknotes of America you can meet such a money as a bill of a million dollars. The money was printed in the mint and meets all the requirements that apply to the generally accepted monetary units of the country. These banknotes do not take part in circulation and do not carry any nominal value. The idea of creating a banknote appeared in March 1987. Of the 17 major investors, only Teri Stewart was able to finish the job. The design of the banknote and its release lasted for 18 months. Printing money was made on Banknote Multi Colors, the largest and most complex press. The latest anti-counterfeiting measures were applied: micro font, fluorescent inscriptions, specialized paper composition. The press and all development, clichés were completely destroyed after this legendary dollar was released. Photo bills - this is the only way for most people to look at this creation. The volume of issue was equal to 825 thousand banknotes and 700 uncut sheets. The cost of a banknote today hardly reaches $ 100 per unit, and it itself is considered a simple collectible thing.
A bit of history
US dollars, bills that are among the most common in the world, appeared long before the very “$” sign, which is already more than five hundred years old. The word "dollar" is a modified thaler. After the proclamation of American independence, the use of English currency in circulation at that time simply did not make sense. In 1972, coinage was started at the first American Mint in Philadelphia. Paper banknotes appeared even earlier, in 1785. Modern money acquired along with the inscription “In God We Trust”, in 1957.
Design development and approval
A new dollar bill appeared in 2013, but the roots of the creation of the currency go back to 1928. In accordance with the law, it was at that time that portraits of presidents of America were placed on the obverse of banknotes, and on the reverse side - images of historic sites. Throughout the history of the existence of American money, they actively defended themselves against counterfeiters and their fakes. This policy has been preserved today, and a clear proof of this is the new $ 100 bill with at least 13 brand security signs. Today only one company is engaged in the production of paper for printing banknotes. It is forbidden to sell it to anyone other than the federal authorities of America. The paint formula is the state secret of the Bureau of America and the Press. Since 1990, the issue of banknotes protected by microprints and security threads has been carried out.
Security signs and release volumes
Every day in America, the release of 35 million banknotes of different denominations. The total amount of issued banknotes is 635 million dollars. Almost 95% of the new produced funds are intended to replace worn banknotes. In 2005, the cost of issuing a single currency was only 5.7 cents. Modern banknotes without reference to nominal value are issued in one size. The surface marks of money protection are water marks and security threads, microprints and thin concentric threads, paint that can change its color. Each banknote has a protective magnetic stripe interspersed with different colors. The government is doing its best to protect its currency as best as possible. To this end, the last issued banknote is framed in a new color tone and is equipped with uncharacteristic features for early times. A very interesting fact is that the leadership of America has never taken measures to strengthen its monetary unit, its cost, almost always quite high, has regulated and regulated the world market.