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Presumably the old one will be withdrawn from circulation at a later date when most old bills has been vacuumed up. The Swedish Central Bank will stop accepting
by kryptiskt 13y ago
Presumably the old one will be withdrawn from circulation at a later date when most old bills has been vacuumed up. The Swedish Central Bank will stop accepting a couple of older bills at the end of this year, for example.
- ars 13y agoNo. Old US bills are valid forever.
- freehunter 13y agoYes, they can be spent forever. But when the reach the bank and get sent to the federal reserve, they can be withdrawn and replaced with newer bills. You'll be able to keep spending the old ones you have forever, but once you've spent them and they hit the Fed, they'll be removed from circulation.
- PeterisP 13y agoAfter some cut-off time all the moneyhandlers will send those old bills to Fed to be shredded and exchanged for new ones, instead of releasing them back in circulation - exactly how it's happening right now with the pre-1996 bills.