The New American Dollar First Day Of Issue
The United States of America has always been known for its remarkable currency. The American dollar is recognized and accepted worldwide. It is the most traded currency in the foreign exchange market. The US dollar has had many designs and changes over the years. The latest change is the new American dollar first day of issue.
What is the New American Dollar First Day of Issue?
The new American dollar first day of issue is the commemoration of the new design of the American dollar. It is the first day that the new design is released into circulation. The new design features an updated portrait of Benjamin Franklin on the $100 bill, and a new image of the back of the $10 bill that honors the women’s suffrage movement.
The Federal Reserve Board announced the new design in 2016, and it took several years to finalize. The new design was unveiled in 2020, and the first day of issue was on February 11, 2021.
What Are the Changes to the New American Dollar?
The new American dollar features several changes. The most significant change is the updated portrait of Benjamin Franklin on the $100 bill. The new portrait is based on an original painting by French artist Joseph-Siffred Duplessis. It replaces the previous portrait that was based on a photograph.
The $10 bill features a new image of the back that honors the women’s suffrage movement. The new design features an image of suffragists marching in front of the U.S. Treasury Building. It also includes the words “The United States of America” in inscriptions on the front and back of the bill.
Why Was the New American Dollar Designed?
The new American dollar was designed to combat counterfeiting and to update the currency’s security features. The updated designs feature advanced security features that make it more difficult for counterfeiters to produce fake bills.
The new designs also honor the history and achievements of women and minorities in the United States. The $10 bill and $5 bill will feature portraits of women and civil rights leaders, respectively, in the future.
Where Can You Get the New American Dollar?
The new American dollar first day of issue is available at Federal Reserve Banks and local banks across the United States. The new design will gradually replace the older designs as the bills wear out and need to be replaced.
Conclusion
The new American dollar first day of issue is a significant event in the history of American currency. The updated designs honor the history and achievements of women and minorities in the United States, and the advanced security features combat counterfeiting. The new American dollar is available at Federal Reserve Banks and local banks across the United States, and it will gradually replace the older designs as the bills wear out and need to be replaced.