Official US organizations recalled that there are banknotes that will be removed from circulation.
To avoid all types of scams, the United States Federal Reserve established security measures to detect if a dollar bill It is official, fake, old or it will be taken out of circulation. In addition to its particular texture, its relief printing and its special painting, it can be verified with different stamps and unique marks on these specimens.
One of the most important symbols is the black seal with the name and letter of the Federal Reserve Bank. There is also the characteristic watermark that is visible against the light and the special ink that changes color when the bill is tilted. Currently, the one with the largest denomination issued is 100 dollars.
Treasury Department
Which banknotes will be withdrawn from circulation and why?
In addition to remembering these security measures, the FED announced that A batch of 100 and 1000 dollar bills will be removed from circulationwhich are still valid today. While it is still legal, its circulation is very limited. According to the Treasury Department, there are 165,000 $1,000 dollar bills in circulation, which represents 0.001% of all existing bills.
Although there are high denomination bills, such as 500, 1000, 5000 and 10000, which stopped being issued more than 50 years ago, they were still accepted. However, the FED announced that its withdrawal is imminent. And to them are added the 100 dollars issued before 1969.
How to identify and exchange old dollars before withdrawal
The exchange of these old banknotes that will be eliminated from circulation must be done via the Bureau of Engraving and Printingan organization that depends on the United States Department of the Treasury and is specifically in charge of the design and issuance of banknotes.
It can be done in two ways: by mail, sending the ticket and the bank account information to make the transfer with a new ticket. Or in person, which is faster and safer.
Source: Ambito
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