Monday, March 24, 2008
View consumer reaction to new $5 bill
Consumers are very pleased with the new $5 bill introduced to the public this month. You can view a video of the reaction here please visit www.moneyfactory.gov/newmoney/main.cfm/media/multimediaresources.
Sunday, March 16, 2008
US Dollar reaches new lows
The US dollar has reach new lows against other world currencies. For the first time ever it is now worth less than one Swiss Franc. The slide in the dollar has contributed to higher prices for commodities and imports. Combined with the high price of crude oil, which yesterday remained more than $110 a barrel, it has added to inflation that could limit the ability of the Federal Reserve to cut interest rates to stimulate the lagging economy. If the Fed does cut rates, it will depress the dollar further because the European and Japanese central banks show little inclination to trim their rates.
"Policymakers are in a dilemma," said Robert Hormats, vice chairman of Goldman Sachs (International). With recession looming, Hormats said, "the Fed is not going to raise rates to stop the dollar from going down. It can be concerned, but there's nothing the Fed can do to stop it from going down further."
One bright spot: The U.S. trade and current account deficits have dropped considerably since 2006, and U.S. exports have climbed. But Harvard's Rogoff said just to shrink the trade deficit to a more sustainable size could require an additional 10 to 15 percent drop in the value of the dollar
"Policymakers are in a dilemma," said Robert Hormats, vice chairman of Goldman Sachs (International). With recession looming, Hormats said, "the Fed is not going to raise rates to stop the dollar from going down. It can be concerned, but there's nothing the Fed can do to stop it from going down further."
One bright spot: The U.S. trade and current account deficits have dropped considerably since 2006, and U.S. exports have climbed. But Harvard's Rogoff said just to shrink the trade deficit to a more sustainable size could require an additional 10 to 15 percent drop in the value of the dollar
Thursday, March 13, 2008
New $5 Entered into Circulation TODAY
New $5 Bill Entered Circulation on March 13
The new $5 bill, which has been redesigned to help foil counterfeiters, includes two new watermarks and an enhanced security thread that will help businesses and consumers validate the new bills. Businesses that manufacture and use vending and self-checkout machines have 90 days to adapt their machines to accept the new $5 bill.Read Full Release
The new $5 bill incorporates state-of-the-art security features that are easy to use by cash-handlers and consumers alike:
Read Full Release
Explore the Interactive $5 Bill$5 Bill Security Features
The new $5 bill, which has been redesigned to help foil counterfeiters, includes two new watermarks and an enhanced security thread that will help businesses and consumers validate the new bills. Businesses that manufacture and use vending and self-checkout machines have 90 days to adapt their machines to accept the new $5 bill.Read Full Release
The new $5 bill incorporates state-of-the-art security features that are easy to use by cash-handlers and consumers alike:
Read Full Release
Explore the Interactive $5 Bill$5 Bill Security Features
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