In a bid to enhance the security of the monetary system, the Bureau of Engraving, in collaboration with the Secret Service and the Advanced Counterfeit Deterrence (ACD) Steering Committee, has initiated a program that mandates US retail establishments, businesses, banks, and ATMs to cease the acceptance of specific dollar bills starting in October.
CryptoCaster Quick Check:
Various reports indicate that beginning this month, all dollar bills classified as “mutilated” will be rejected. This decision reflects a broader effort to maintain the integrity of the currency in circulation.
Stay in the know on crypto by frequently visiting Crypto News Today
The U.S. Federal Reserve currently issues dollar bills in seven denominations: $1, $2, $5, $10, $20, $50, and $100. Although higher denominations such as $500, $1,000, and $10,000 are no longer produced, they remain in circulation. These higher-value bills will also be subject to rejection if they are deemed mutilated, similar to any other denomination.
How to identify “mutilated” dollar banknotes
According to the Federal Reserve, banknotes are often damaged due to factors such as fire, improper handling, or deterioration resulting from being buried. This includes notes that exhibit cuts, frayed edges, or discoloration.
Options available for handling your damaged dollar banknotes
To address your situation, it is necessary to reach out to the Bureau of Engraving and Printing directly. This process involves submitting a claim for mutilated currency. The Bureau offers a comprehensive guide that outlines the steps required to redeem such currency.
The Bureau will conduct an assessment of the damaged note using specialized tools designed to verify its authenticity and determine its full value. Following this evaluation, they are able to issue a reimbursement check to the claimant, as explained by a representative from the Federal Reserve.
Replacement designs in circulation
The Federal Reserve is set to not only implement a new security measure but also to unveil redesigned versions of the $5, $20, $50, and $100 banknotes. The new $50 bill is scheduled for release in 2028, followed by the $20 bill in 2030. The redesign of the $5 bill is anticipated to occur between 2032 and 2035, while the new $100 bill is expected to be introduced sometime between 2034 and 2038.
If this article brought you clarity, insight, or value—support the work that made it possible.
At CryptoCaster, we report on Web3, crypto markets, and institutional finance with no billionaire owners, no shareholders, and no hidden agenda. While mainstream media bends toward Elon Musk, BlackRock, and JPMorgan narratives, we stay focused on what matters: truth, transparency, and the public interest.
We don’t just cover the headlines—we investigate the power structures behind them. From FTX and Ripple to the quiet push for CBDCs, we bring fearless reporting that isn’t filtered by corporate interests.
CryptoCaster is 100% paywall-free. Always has been. To keep it that way, we depend on readers like you.
If you believe independent crypto journalism matters, please contribute—starting at just $1 in Bitcoin or Ether. Wallet addresses are below.
Your support keeps us free, bold, and accountable to no one but you.
Thank you,
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
CRYPTOCASTER HEATMAP
