Money in the usa – the us dollar is paid

Money in the US – The US dollar is paid

The currency in the US is the (US) dollar ($), which is available as coins and banknotes. Banknotes (bills) are called “greenbacks” because of their appearance. The appearance is unfortunately uniform, i. all dollar notes are the same size and of the same greenish color, only the value is different.


The likelihood of confusion is high because of the uniform size and the same color. There are 1, 2, 5, 10, 20, 50 and 100 $ notes. The $ 2 notes are very rare and more of a collector’s item. Since March 2006, there are new 10-dollar notes, since 2003 and 2004 also new 20- and 50-dollar notes. The new currency budgeting should be counterfeit-proof. They contain watermarks, a security thread and a changing color of the numbers in the lower right corner.

The old dollar bills keep their validity and do not have to be exchanged. All since 1861 issued in the US forms of paper money can be redeemed today to the full value. American notes are neither collected nor devalued. The authority responsible for note and coin printing, the Bureau of Engraving and Printing, has issued information documents on the new grades in several languages.

The dollar is the currency worldwide, especially in countries with soft currency. The risk of counterfeiting is correspondingly high. It is generally recommended to carry banknotes up to a maximum of $ 20. It is hard to use dollar bills of higher value in the US for payment because traders, restaurant owners, etc. fear fakes. The first banknotes were available in the US as early as 1775, the year of the Declaration of Independence. However, this paper money was not very popular among the general population. It was only about a hundred years later that the US Federal Reserve printed black-and-green notes as legal tender. The look is mandatory: The front shows a famous personality, the back symbols or buildings.

Excursus: The $ 10 note features the portrait of Alexander Hamilton, shot dead in a duel by Vice President Aaron Burr. Alexander Hamilton (1755-1804) was one of the heroes of the American independence movement and one of the leading figures in the new US government after independence. He was the right hand of General Washington and certain essential parts of the economic policy of the new state. An illegitimate son of a Jamaican planter, he was skeptical of privileged Aaron Burr throughout his life. In the presidential election of 1800, his influence was the decisive factor that made Thomas Jefferson President and Aaron Burr “only” Vice President of the United States.

The one-dollar bill is one of the many prestigious bills of the US dollar. The appearance of the bills is prescribed: The front shows a famous person, the back building or symbols.

Aaron Burr (1756-1836) served as a colonel in the Continental Army and briefly for General Washington. He suspected Hamilton’s political ambitions, as well as his predilection for married women of New York‘s high society. The rivalry of the two men increased from year to year until finally in July 1804 Burr Hamilton called for a duel. This took place on July 11, 1804 in Weehawken, New Jersey. Hamilton was fatally injured and died the following day. For more details on the biographies of the two men, see Wikipedia: Alexander Hamilton, Aaron Burr.

The “best known head on the dollar notes” is that of George Washington. The one-dollar bill with the image of the first US president characterizes the self-image of the United States as an independent, liberal and market-oriented nation. The founding father of the United States looks since 1935 from the front of the bill. In the War of Independence against Great Britain George Washington (1732 – 1797) led the supreme command of the American troops. In 1787 he was first President of the Constitutional Convention of Philadelphia, 1789 elected him the Americans for the first President. For eight years he held this office. Details of George Washington on the Wikipedia website.

The “most expensive places on the dollar notes” were given to US President Ulysses S. Grant on the $ 50 bill, and American successor Benjamin Franklin (1706 – 1790) on the $ 100 bill.


As coins (coins) there are: 1 cent (penny), 5 cents (nickel), 10 cents (dime), 25 cents (Quarter), 50 cents (helped dollars, 1 dollar (dollar). Illustrations of the coins can also be found on Wikipedia.

Of great practical importance are the quarters, which are used for all machines, for telephoning and so on. It is advisable to always keep a certain stock of this with you. The following spellings are widely used: One dollar – $ 1.00, Fifty-eight cents – $ .58 or 58 ¢, One dollar fifty-eight cents – $ 1.58.

Exchange rates and currency exchange

The current exchange rates can be found on these homepages: and

European currencies are generally only used by banks through exchanges, and again, not every bank is capable of doing so (American employees are usually “semi-skilled” and do not have comprehensive vocational training as we know them;) who has experience with them now If you have any call centers, this can be quickly understood). Those who need to exchange cash can do so at the international airports‘ ticket offices or visit internationally active banks in a major city. However, one has to reckon with partly high fees and a different exchange rate. If you want to make international transfers at the actual exchange rate of the foreign exchange markets, it is worth using TransferWise. The British startup was founded in 2011 by the creators of Skype and now spares its customers over $ 30 million in bank charges each month.

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Christina Cherry
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