American dollars are the most widespread monetary unit in the world. The dollar is not only in the role of reserve currency in most countries of the world, but in some countries, in addition to America, is a national currency. Among the countries with this currency in circulation are 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 good reasons for using the dollar as the main monetary unit. You can talk about the lack of funds in East Timor to create their own money and the global hyperinflation in Zimbabwe.
What are the banknotes?
Today in circulation one can find banknotes of 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 distributed. A one-dollar coin is popular. The most rare bill is $ 2. According to official reports, in 2009, 2.5 billion copies were issued, and today the circulation does not exceed 44 million banknotes. The situation led to the appearance of the myth that a $ 2 bill is a rarity. In fact, its use for mutual settlements Americans found uncomfortable. As a result, the money sign began to be collected, and its presence in the wallet began to be perceived as a symbol of luck. The most popular in the world are 100-dollar bills. This is what led to the appearance of a large number of counterfeits of this particular currency.
What does a dollar bill look like?
All dollar bills have their own unique design. For example, on a dollar bill, you can see the image of George Washington. On the back of the currency is a large seal of America. The banknote was put into circulation in 1862. On the first money there was an image of Salmon Chase, who in those days was the head of the Ministry of Finance. The usual image of Washington is adorned with banknotes since 1869. Daily destruction of about $ 35 million with a denomination of $ 1 on machines in the Federal Reserve is due to wear and tear, which indicates the widespread use of the monetary unit by the citizens of the country. In a similar amount, the daily printing of a banknote is also carried out.
Interesting and fascinating story of a 2-dollar bill
A denomination of $ 2 appeared simultaneously with a one-dollar counterpart, but already in 1966 its release was stopped until 1976. On the front of the banknote is a portrait of Thomas Jefferson, and the reverse side is adorned with the Declaration of Independence. Many people are wondering about how much a dollar bill costs, because they consider it rare. In fact, a huge stock of banknotes of this denomination is in the Federal Treasury. The unclaimedness of a monetary unit as a means of payment excludes the need for its additional release. In the past, the question as to how much a dollar bill costs, nobody was interested, since it was considered unhappy. For her, there was no provision for cash registers in the past. It is these facts that have become the root cause of the formation of many signs associated with the banknote.
How do banknotes look like $ 5 and $ 10?
Denominations of dollars with a face value of 5 banknotes are more in demand than 1 and 2 dollars. The front part of the banknote is decorated with a portrait of Abraham Lincoln. On the reverse side you can see his memorial. On a 10-dollar note, it was decided to post a picture of Alexander Hamilton, who, like Benjamin Franklin, was not the president of the United States. The reverse side of the note can be considered by the US Treasury Department. Today American money is depicted on American money. The same bills in the early 20th century adorned, on the one hand, the portrait of William McKinley, who held the post of 25th president of America, and on the other hand the image of a bison.
How do banknotes look like $ 20 and $ 50?
A $ 100 banknote: a digression into the history
Dollar denominations with a nominal value of one hundred currency units first appeared in the United States in 1862. Banknotes were adorned with a bald eagle, which was considered to be the national bird of the country. The portrait of Benjamin Franklin did not always adorn the front side of the moneymark. Prior to 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 portrayed on the front of the banknote. The image of Franklin first appeared on the banknote only in 1914. He is known not only as head of state, but also as a scientist, on account of which there are many scientific papers on the distribution of paper money.
Since the 1920s, the size of the banknote has been reduced by 30%. This allowed to issue banknotes of dollars with less production costs. Money, issued in 1923 and later, have some similarities with modern money signs. The last new bill of 100 dollars appeared in 2013. Its characteristic difference was the color and numerous protective signs. Until 2013, changes in the design of the banknote were carried out in 1991, in 1996 and in the 2000s. Systematic changes in the registration of a currency symbol 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 producing other banknotes: $ 500 and 1,000, 5 thousand and 10 thousand. 10 000 dollars were never a full-fledged means of payment and already in 1934 acquired the form of a certificate. The money symbol 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, the value of which was more than a hundred dollars. At the moment, dollars, denominations of denominations which exceed 100, are a collector's value. They are sold much more expensive than their actual nominal cost. Thus, there are no more than 130 bills in 10 thousand today. Banknotes of a large denomination are still valid.
On rare money with a face value of more than 100, the presidents are also depicted. A $ 500 banknote is adorned with a portrait of William McKinley, the 25th president of America. Thousand denominations of the dollar were decorated with portraits of the 22nd and 24th US president, Grover Cleveland. On five thousandth notes you can see the image of James Madison, the 4th president of America. Since 1957, on the initiative of Salmon Chase, a new inscription has adorned the dollar. The photo of the denominations clearly shows that already since 1963 the expression "We rely on God" was used to print banknotes constantly. On the famous banknote of 100 thousand dollars placed the face of 28th President Woodrow Wilson. The banknote was originally oriented to 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 and such a monetary symbol, like a bill of one million US dollars. Money was printed at the mint and meets all the requirements that are imposed on the generally accepted monetary units of the country. In circulation, these banknotes do not participate and have no nominal value. The idea of creating a banknote appeared in March 1987. Of the 17 major investors, only Teri Stewart managed to bring the matter to an end. The design of the banknote and its release lasted for 18 months. The money was printed on Banknote Multi Colors, the largest and most complex press. The most recent means of protection against counterfeits have been applied: micro-font, fluorescent inscriptions, specialized paper composition. Press and all developments, cliches 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 the issue was equal to 825 thousand banknotes and 700 uncut sheets. The cost of a banknote today hardly comes to $ 100 per unit, and she herself is considered a simple collector's thing.
A bit of history
US dollars, bills, one of the most common in the world, appeared long before the very sign "$", which is more than five hundred years. The word "dollar" is a modified "thaler". After the proclamation of America's independence, the use of British monetary units of the time in circulation simply did not make sense. In 1972, at the first mint of America in Philadelphia, coinage was started. Paper money signs appeared even earlier, in 1785. Modern money was purchased together with the appearance on them of the inscription "In God We Trust", in 1957.
Design development and its official approval
A new dollar bill appeared in 2013, but the roots of the creation of the monetary unit go back to 1928. In accordance with the law, it was at that time on the front side of the banknotes that it was customary to post portraits of the presidents of America, and on the reverse side - images of historical places. Throughout the history of the existence of American money, they actively defended against counterfeiters and their counterfeits. This policy has survived today, and a clear proof of this is a new bill of $ 100 with at least 13 branded protective signs. Only one company is engaged in production of banknote paper today. The company is prohibited from selling it to anyone other than the federal authorities of America. The paint formula is the state secret of the Bureau of America and the Seal. Since 1990, the issuance of banknotes, protected by micro-prints and security threads.
Protective signs and volumes of release
Every day in America produces 35 million banknotes of different denominations. The total amount of issued banknotes is 635 million dollars. Virtually 95% of new products are designed to replace worn banknotes. In 2005, the cost of issuing a single monetary unit was only 5.7 cents. Modern banknotes without a binding to face value are issued in one size. Surface signs of money protection are watermarks and protective threads, micro-prints and thin concentric threads, a paint that can change its color. On each banknote there is a protective magnetic strip with impregnations of different colors. The government is trying its best to protect its currency as best as possible. For this purpose, the last banknote issued is framed in a new color tone and is equipped with uncharacteristic early protection means. Very interesting is the fact that the leadership of America has never taken measures to strengthen its monetary unit, its value, which is almost always quite high, regulated and regulates the world market.