The US Dollar, In addition to being the official currency of the United States, it is used in other countries and is the option of choice in the first place tourists.
For reference, a note from the site of the Global Exchange currency exchange service explains that the first silver dollars began to be minted in 1794, after the passage of “The Coinage Act”, the decree that created the first mint in the United States . the dollar as the reference unit of the country.
Subsequently, in 1913, through the Federal Reserve Act, the central bank of the country was created, to follow the national financial needs.
The following year, the first ticket ten dollars fed.
The same note recounts that the designs then adopted were maintained until 1996, when modifications were made to avoid counterfeiting.
A curiosity: banknotes are not paper. To last longer, they are made with cotton and linen compounds.
Current dollar bills and coins
As for currencies, the Global Exchange note explains that there are five fractions of the dollar that, over time, have acquired their own name.
These are:
– One cent: cent.
– Five cents: nickel.
– Ten cents: tell me.
– Twenty-five cents: a quarter.
– Fifty cents: half a dollar.
As for tickets, there are seven options: US$1, 2, 5, 10, 20, 50 and 100.
Small face banknotes
Copies that have the figure of Benjamin Franklin in an oval that is smaller in size than recent ones are colloquially called “small face”.
These were issued until 2003 and have given way to copies known as “big face or head”.
Even if there is a lot of resistance in Argentina to receive them, are in force and must be accepted. One option to continue with their circulation is to use them outside that country.
Source: Clarin
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.