The US monetary system: dollar bills and coins

The United States of America hasrelatively short history of its formation. However, during this time in the territory of this state there was a huge number of events that influenced the development of life not only inside the country, but also far beyond its borders. The thing is that it was the New World (as America was called after its discovery) that has a powerful lever of influence on the world community. It's about the US national currency - the dollar.

The GDP of this state occupies a hugetotal world volume. It is thanks to sustainable development and the growth of the country's welfare that its national monetary unit is by right the main reserve currency of the planet's economy.

Dollar of the New World

Dollar bills that know the modernsociety, initially had a completely different appearance. Emission of monetary units began in the United States in 1861, when the Civil War, called the "War of the North and the South," took place in the country. Even issued at that time, banknotes are still a full legal tender. Each dollar includes one hundred American cents. At the same time, issuing bank notes can only be issued by institutions that are members of the US Trust, which is called the Federal Reserve System.

All dollar bills that were issued before1971, were backed by the country's gold reserve. Then this law was abolished, and to date, the issue of banknotes does not contain a "solid" and "metallic" grounds. 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 are successfully using the dollar bills issued in the New World.

Denominations and coins

Along with paper currency units, citizenscountries also use metal signs. Abraham Lincoln is minted on a one-cent coin. Being smaller at face value, this sign is by no means the smallest in size. A tiny one is a ten cent coin. Between these two metal rounds there is also an intermediate minted sign - five cents. In addition, in circulation there are coins in a quarter, half and one dollar.

And the penultimate began to be issuedrelatively recently - in 2011. Dollar denominations are also issued in almost all of these denominations. However, there are some peculiarities: there is no banknote in 25 dollars - only in 20.

Do not forget and additional paperbank notes. Despite the presence of banknotes of different denominations, the most popular among the counterfeit is a hundred-dollar bill bearing the image of Benjamin Franklin. This banknote is one of the most common in the world. Currently, the US government is already fully in the process of introducing a new, more secure bill to the world.

Another interesting note, introduced inappeal, is a ticket of the bank with a face value of 2 dollars. Emission of these banknotes is not permanent, so getting it into your wallet is not as easy as usual 1 or 5 dollars. A denomination in 3 US monetary units also existed. However 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 removing the currency from circulation of denominations of minimal dignity. Soon, one-dollar and two-dollar bank cards will be replaced by metal analogues. However, the final scheme for the implementation of this procedure has not yet been announced.

Large rare bills

Many believe that the biggest dollar billIs a banknote of one thousand dollars. Only a few know that in the territory of the country "bald eagles" had circulation of banknotes with a par value of more than one thousand, five, ten and even a hundred times. At the same time, only the last note never hit the broad masses. However, in order to combat corruption and crime, the issue of bank notes worth more than a hundred dollars was terminated. Until now, in some places in the US, you can find bills of $ 1000 or $ 500, the value of which is much higher than the nominal value of coin collectors.