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.

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

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

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New $5 has many new anti-counterfeit features

WASHINGTON (Reuters) - The U.S. government introduced a new $5 bill on Thursday that includes purple ink, several watermarks and other security features to deter counterfeiters.
The bill features a large, purple numeral "5" on its back side and a purple seal on the front, continuing the increased use of color in the "greenbacks" that have long stood in drab contrast to the more elaborate bills used by many other countries.
The new bill, which will go into circulation in 2008, will include two watermarks -- a large numeral "5" to the right of the portrait of President Abraham Lincoln, and a column of smaller "5"s to Lincoln's left.
An embedded security thread, bearing the letters "USA" and the numeral "5" in an alternating pattern, runs vertically to the right of the portrait.The redesign of the $5 bill will also help protect against a method of counterfeiting that bleaches, or removes the ink from, a $5 bill and prints over it to create a fake $100 bill. By eliminating as many similarities as possible between the $5 and $100 denominations, the new design foils counterfeiting and protects U.S. currency users.

U.S. dollar facing imminent collapse?Fed in bind as Paulsen, Bernanke head to China

U.S. dollar facing imminent collapse?Fed in bind as Paulsen, Bernanke head to China
Even as the stock market is hitting new record highs almost every day, the Federal Reserve and Treasury Department are quietly coordinating a devaluation of the dollar that the Bush administration hopes will be a slow decline rather than a dollar collapse.
This week, in an unusual move, the Bush administration is sending virtually the entire economic "A-team" to visit China for a "strategic economic dialogue" in Beijing Dec. 14 and 15.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are leading the delegation, along with five other cabinet-level officials, including Secretary of Commerce Carlos Gutierrez. Also in the delegation will be Labor Secretary Elaine Chao, Health and Human Services Secretary Mike Leavitt, Energy Secretary Sam Bodman, and U.S. Trade Representative Susan Schwab.

Canada's Dollar Rises to 33-Year High as Inflation Accelerates

Canada's dollar, nicknamed the loonie after the image of the national bird on the one-dollar coin, is the best performer against the U.S. dollar this year among the most-actively traded currencies. It has gained 21 percent since December, as prices of the nation's commodity exports surged and the U.S. dollar weakened. Canada's dollar reached parity with the U.S. dollar on Sept. 20 for the first time since 1976.
The currency rose 0.8 percent to $1.0349 at 4:25 p.m. in Toronto. It climbed as high as $1.0380. One U.S. dollar buys 96.63 Canadian cents.
Canadian inflation accelerated at the fastest pace since May 2006 in September. The consumer price index gained 2.5 percent from a year earlier, compared with a 1.7 percent rate in August, as gasoline climbed 13 percent, Statistics Canada said today in Ottawa. On a monthly basis, prices rose 0.2 percent from August.