U.S. currency

The American Penny Is a Vexing ‘Paradox’

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The American Penny Is a Vexing 'Paradox'

The American penny is one of the smallest denominations in the United States currency system, yet it sparks more debate than any other coin. Introduced in 1787, the penny has been both celebrated and criticized throughout its history. While it remains a staple in cash transactions, many believe its continued production is paradoxical. It costs … Read more

US Federal Reserve Confirms $50 Bill Changes—Are Yours Still Usable?

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The U.S. Federal Reserve has announced changes to the acceptance of certain $50 bills in banks and ATMs. Starting from September 2024, older or heavily damaged $50 notes won’t be accepted for transactions across the U.S. This step is part of a broader currency modernization plan to enhance the security and reliability of U.S. currency. … Read more