The US government began an education campaign on the use of its banknotes around the world.
The US Federal Reserve (FED) started a campaign to educate about their banknotes to users around the world. The main focus in Argentina is the unanimity of the value of banknotes of the same denomination.
This action is based on the identity’s insistence that the “small face” dollar is worth the same as the modern onessomething that does not happen in the country’s parallel market.
Small side dollar: what the Federal Reserve said about its value
The Currency Education Program (CEP)a department within the US Federal Reserve, indicates that: “all US currency designs remain legal tender”. Which means that all of them are legally valid forms of payment, regardless of when they were issued.
Despite what was mentioned, the North American organization recognized the problem that there is a difference between the oldest banknotes, with respect to the modern ones. But they argue that these values are assigned by the markets and not by the government of USA.
What are the dollars face girl
Dollars in circulation.jpg
The Currency Education Program indicates that the three models of bills are worth the same.
Those issued before 1996 are called “small face” bills. These have the image of former American president, Benjamin Franklin, in a smaller size than their newer versions. The CEP also stressed that these bills are not counterfeit and indicated that its security methods, such as its watermarks and color-changing ink, continue to be effective.
The agency also released the reasons for the new designs: “Federal Reserve notes are redesigned primarily to make them easier to use but more difficult to counterfeit. This does not mean that older design banknotes are not safe.”
Why small-sided dollars are worth less in Argentina
The caves buy the “small face” tickets at a lower price than the most current ones, an average of 2.7% below them. These markets ensure that They take this measure for security due to the age of the bills. It is a similar method to when they acquire damaged or stained paper money.
This problem also affects banks. Because, although they receive them, all their customers prefer the “large face” bills over their predecessors of the same denomination.
Source: Ambito
