When did the U.S. Treasury originally discontinue the $2 bill? – 2017

When did the U.S. Treasury originally discontinue the $2 bill?



1966




The first $2 bill was printed in 1862. By the 1950s, however, print numbers declined, and it became one of the rarest currencies. In response to collectors hoarding the bills, the Treasury Department discontinued the $2 in 1966. A decade later, it was brought back into circulation to celebrate America’s bicentennial, using its most well-known design. Since then, the bill has grown in popularity. As of 2007, there was $1.5 billion worth of the currency in circulation across the globe. Source: Federal Reserve Bank of Richmond, U.S. Treasury.





Who prints the money in the United States?
The U.S. Treasury decides to print money in the United States as it owns and operates printing presses. However, the Federal Reserve has control of the money supply through its power to create credit with interest rates and reserve requirements.

Related posts:

Leave a Reply