The decision of US government agencies with these specimens has taken many by surprise.
The United States Federal Reserve (FED) has made a decision that surprised many people. The 100 and USD1000 bills will be withdrawn from circulation. This change generated uncertainty in citizens and markets who wonder how this will affect their finances and what they should do to avoid losing money.
Although it is known that high denomination bills such as 500, 1000, 5000 and 10000 dollars were no longer issued since 1969, it is also true that these are still accepted and valid, but their withdrawal from circulation is imminent. But the FED has also talked about 100 dollar bills They will suffer the same fate.
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Exact date they will go out of circulation
Although the Federal Reserve has reported that the bills will be withdrawn, you should know that in the case of the $100 bills, these are the copies issued until 1969. The date has not yet been confirmedbut everyone who has these dollars in their possession is recommended to get rid of them as soon as possible to exchange them for newer ones.
How to exchange old or worn dollars
The United States Bureau of Engraving and Printing (BEP) is the agency that depends on the Department of the Treasury and is in charge of the design, manufacture and circulation of banknotes together with the banks authorized by the Federal Reserve and also provides the possibility of exchanging old, worn or moderately broken dollars for newer ones in better condition.
In this case, it is also the BEP that informed how to exchange the banknotes that will be taken out of circulation. These can be sent by mail with the bank account details for the transfer to be made or delivered in person to the agency’s offices from Monday to Friday.
Source: Ambito
