The US dollar is the most popular currency in the world. The appearance of gray-green bills is known to everyone and everyone, but a lot of interesting facts are connected with the origin, history, and circulation of the dollar.
The American dollar is a debt receipt issued by a private entity of the United States of America called the Federal Reserve
When buyers buy the dollar, they thereby create the foundation for the currency. In fact, the dollar is a paper with pictures, but it gains value when people, countries invest various assets in it, forming the demand for it.
The most significant currency denomination ever printed in America was $100,000
The release of this bill was carried out until 1945, but Richard Nixon officially banned its issuance back in 1969. He also banned the printing of banknotes, the face value of which was above 100 US dollars. By the way, on gambling sites currency option you can see casino dollar choice and use all the advantages of using this currency.
In 1929, they adopted the standard of what the American dollar should look like.
The standard said that on the front of the bill should be a portrait, on the back – monuments, emblems.
1 dollar is the most popular bill
Slightly less than 50 percent of all US dollar bills that carry out the turnover is made in the face value of 1 dollar.
Statements that the US is against gender division of the world according to gender are not valid
So, in the whole history, only 1 time in the US currency was a woman imprinted on the front side of the currency. In March 1886, Washington appeared on a dollar bill in denominations of $1.
What about cocaine?
It is a known fact that 97 percent of all US dollar bills in circulation have traces of cocaine since drug trafficking around the world does not go past the dollar.
The American dollar is a military currency
For the first time paper will money in circulation during the Civil War in the United States of America, the goal was to pay for the resources expended during the war, but there were not enough funds, because people kept the money and did not release them for circulation.
America’s first paper money
In 1690, for the first time in America, paper money was issued by the authorities of Massachusetts, which at that time was a colony, but today only the money issued by the Fed is considered solvent. If you are ever offered an American currency denomination in the face value of 100 thousand dollars, issued in 1945, feel free to take it, because it is solvent today.
The dollar has increased ability and wear, because the currency, in fact, is used daily
To date, the dollar has reached a peak wear resistance – more than 4 thousand bends. That is, the dollar can be bent and unfolded 4,000 times before the rupture of the bill appears.
Depending on the level of demand for each dollar denomination, there is a circulation period
1 dollar serves 22 months, 5 dollars – 24 months, 10 dollars – 18 months, 20 dollars – 25 months, 50 dollars – 55 months, a 100 dollar bill can withstand 5 years of turnover.
In the history of the printing of the dollar, there has never been a portrait of an African American on the front side, despite the fact that racial equality is regulated in the United States.