The Treasusry department is responsible for minting and printing the US currency.
The US Mint is responsible for the production of US coins.It does not print currency. The Bureau of Engraving and Printing is responsible for the printing of US currency and other government related securities.
Government of India RBI (Reserve Bank of India) issues currency notes only
The Bureau of Engraving and Printing (BEP), a division of the U.S. Department of the Treasury, is responsible for printing paper currency in the United States. It designs and produces federal reserve notes, which are commonly referred to as "dollars." The U.S. Mint, another agency under the Treasury Department, is responsible for producing coinage. Together, these agencies ensure the supply of physical currency in the economy.
The printing and distribution of currency is the responsibility of a central bank. There is a different central bank for each currency. For example, the European Central Bank is responsible for the Euro (€), ensuring enough currency is printed, but not too much to cause inflation.
In the United States, the Bureau of Engraving and Printing (BEP) is responsible for printing paper currency, while the U.S. Mint produces coins. The Federal Reserve, the central bank of the U.S., is responsible for issuing and distributing the currency to banks and the public. Other countries have similar institutions that manage their own currency production and issuance.
Government Printing Office (GPO)
Government Printing Office (GPO)
The Bureau of Engraving and Printing, the division of the Treasury that's responsible for printing all U.S. currency, provided the following explanation:
The Treasury Department in Washington D.C. oversees the production of coins and currency in the USA. The Bureau of Engraving and Printing is responsible for the actual production of US currency.
The U.S. Department of the Treasury is responsible for collecting taxes and printing money. It oversees the Internal Revenue Service (IRS), which handles tax collection and enforcement. Additionally, the Treasury manages the Bureau of Engraving and Printing, which produces the nation's currency.
When the Federal Reserve decides to increase the money supply, the Bureau of Engraving and Printing (BEP) is responsible for physically printing the currency. However, the decision to print more money is based on monetary policy set by the Federal Reserve, which influences how much currency is needed in circulation. The BEP operates under the Department of the Treasury and produces paper currency, while the U.S. Mint is responsible for coin production.
The US Treasury.AnswerTechnically, the United States Mint is responsible for printing or minting all US currency (paper and coinage). The US Mint is a branch of the Treasury Department.