The Federal Reserve has answered frequently asked questions about the notes, all answers below.
In the face of the appearance of New designs for dollar bills It is common for people to wonder what happens to the old ones. That is why, United States authorities have provided details that respond to these concerns. In particular, the Federal Reserve (FED) provided a statement answering these questions.
In any case, by following the step-by-step verification of the security measures of each of the banknotes, whether new or old, it is possible to determine perfectly whether they are genuine or fake. Regarding the loss of value, this does not happen in the United States, but it is true that in our country there can be differences in appreciation.
Are old dollars legal tender?
It is the policy of the United States government that all designs on its currency remain legal tender, or legally valid for making payments, regardless of when they were issued. This policy covers all denominations of its banknotes, from 1914 to the present.
However, a private business, person, or organization is not required to accept coins or bills as payment if they do not wish to do so. Each private business or person is free to develop its own policies on accepting cash as long as there is no state law that says otherwise.
Source: Ambito
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