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Q: Who decides what is printed on your bank notes?
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What was the first American money called?

The first money issue by the United States was in the form so-called "Continental Dollars." This was paper money issued during the War of Independence by the Continental Congress. It was not backed by gold or silver, only the credibility of the Congress, and quickly became worthless. After independence was achieved, the United states issued money in the form of gold and silver coins. Privately owned banks issued paper currency in the form of banknotes. The notes were redeemable for gold or silver coins at the bank's office. They were not legal tender. Such notes had value only if the bank could be counted on to redeem them. If a bank failed, its notes became worthless. A given bank's notes had less and less value with greater distance from the bank as the recipient was taking a bigger risk on a lesser known or unknown bank's ability to redeem the notes. During the Civil War the US began issuing "Demand Notes" which were not legal tender but could be redeemed in gold "on demand." These were printed on both sides, with the back printed in green, so they came to be called "green backs."


Jack Nicklaus is the only living person to be honored with being on a printed British Banknote there were 2 others which are now deceased. Who are they?

Other than the reigning Monarch, the Bank of England has never issued bank notes with living persons on them. The Royal Bank of Scotland has issued commemorative Pound Sterling notes as follows - £20 note featuring Queen Elizabeth, the Queen Mother in 2000. £5 note featuring Jack Nicklaus in 2005.


What money was used in the Industrial Revolution?

Bank Notes and Specie


What is the 1800's era publications printed and passed out to help people identify counterfeits?

bank note reporters


What was the purpose of the bank of the US?

to hold the money that the government collected in taxesto help the government carry out its powers to tax, borrow money in the public interest, and regulate interstate and foreign commerceto issue representative money in the form of bank notes, which were backed by gold and silverto ensure that state-chartered banks held sufficient gold and silver to exchange for bank notes should the demand arise.

Related questions

What notes are printed in England?

Bank of England banknotes currently in circulation include the 5, 10, 20 and 50 Pound notes. See the link below for images of current Bank of England banknotes.


Where are cambodian banknotes printed?

All current issue Riel notes are self-produced by the National Bank of Cambodia in Phnom Penh.


Has China ever printed one million US dollar bank notes in 1928?

Two things. First, the U.S. has never printed a $1 million dollar bill, ever. Second, no genuine U.S. currency is printed in China.


You have 8 1969 Jamaican notes 2 of each denomination printed specimen front and back Value?

I don't know the value ,but specimen notes are rare. I have what you have listed given to me by the bank manager in 1977.


What is the effect of bank notes?

The so-called "Bank Note" is another older English name for paper currency printed by your government, whether it be Euro, Pound, US Dollar or Mexican Peso.


Whose image is printed on pounds?

Queen Elizabeth II appears on all Bank of England banknotes. She began appearing on the One Pound notes in 1960.


How many Hawaii silver certificates were printed?

There were: 35,256,000 1 dollar bills printed ( Were Silver Certificates) 9,416,000 5 dollar bills printed ( Were Federal Reserve notes) 10,424,000 10 dollar bills printed ( Were Federal Reserve Notes) 11,300,500 20 dollar bills printed (Were Federal Reserve Notes) In total there were 66,396,500 bills printed for Hawaii.


Where are scottish banknotes made?

This will depend on which bank issues the notes. The Royal Bank of Scotland and the Bank of Scotland have both had notes printed by De La Rue based in Basingstoke, Hampshire. De La Rue are a printing company which specialises in printing currency. They claim to offer banknote technology for over 150 world currencies and have even printed Euro banknotes for several Eurozone countries.


Where is the Australian Fifty Dollar note made?

Since 1992, Australian notes have been printed on polymer film by Note Printing Australia. This subsidiary of the Reserve Bank of Australia is located in Cragieburn, Melbourne. This same facility also prints New Zealand's bank notes, also on polymer.


When did they stop making one pound notes in Scotland?

£1 notes are still in circulation in Scotland although it is rare to come across one. They are printed by the Royal Bank of Scotland, which is the only Scottish bank still to print £1 notes, albeit in very small quantities.


You have one note100 mark Reichs bank note serial no is d8373492?

All German notes have a date of issue printed on them. A valuation would only be possible with this date.


What is used to detect forged bank notes?

bank notes contain fluorescent which absorbs ultraviolet radiation which makes it easy to detect forged bank notes