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Of course.

Except for gold certificates, no US paper money has ever been withdrawn from circulation or demonetized. The only things to consider are:

(a) Some stores may be reluctant to accept an older bill because it has fewer anti-counterfeiting features

(b) If it's really old (say 1934 or earlier) it may be worth more to a collector

If your bill is just from the 1970s or 1980s and you're concerned about it not being recognized, you can always exchange it at a bank.

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