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Your #2 -- every so often there's a news story about some fast food worker that calls the cops on a customer that tries to pay with either a $2 bill, or one of
by chiph 13y ago
Your #2 -- every so often there's a news story about some fast food worker that calls the cops on a customer that tries to pay with either a $2 bill, or one of the old 20's that has the small portrait. Hilarity ensues.
I also seem to recall that a lot of each new version gets shipped overseas right away. People there hold onto US dollars as protection against their weak government/banks, but they're used to having their old currency being declared null & void and having to exchange them (with government imposed exchange limits and poor exchange rates). So they want to have the newest bills even though the old ones are still valid currency.
- tanzam75 13y agoMany foreign banks will only take the latest iteration of US currency. Thus, holding onto the old bills would create unnecessary friction. You'd have to take the cash to the United States to be guaranteed to exchange them for face value. But cash exceeding $10,000 has to be declared to the customs agent -- which is even more frightening. Better to exchange it right away, so you know you can use it wherever you go.