The dollar is one of the most widely used currencies both in the United States and in the world. Currently, it is undergoing changes that may affect daily transactions in the global market. A clear example of this is the recent announcement by the Federal Reserve (FED), in which they informed that all 50 and 100 dollar bills will be replaced.
Renewal of the 50 and 100 dollar bills in the United States
Some time ago, the entity in charge of managing dollars in the United States announced this project. It is an initiative whose main objective is the renewal of all banknotes in order to achieve greater modernization. Above all, it seeks to make them more secure in order to prevent counterfeiting.
In order to achieve their objective, the authorities will incorporate some security elements in the new banknotes that will allow you to know if the banknotes are counterfeit or not, for example:
- Security threads: they will be visible when the banknote is held up against the light. The USA inscription will appear on them.
- 3D stripe: changes design when the bill is tilted.
- Color-changing ink: will be noticeable in the lower right corner.
- Watermark: will be noticeable against the light.
- Microprints: you will find them around the designs.
- Embossed printing: can be felt by touch.
In this way, the United States will replace all its dollar bills, although it will start with the 100. The stipulated terms indicate that this denomination will be renewed between 2034 and 2038. In the meantime, the 50s will be released in 2028. These dates are quite far apart, although we must be attentive so that their circulation does not take us by surprise.
Regarding the timeframe, the authorities explained that more than a decade of research and development is required to successfully implement this currency. In addition, it will take a few years to work on optimization and integration tests. This explains that these banknotes will only start circulating in 2028 and 2034, according to the official schedule published on its website.
The decision of the U.S. Federal Reserve to renew all copies of the national currency will have a global impact. It is that, as we said, this currency is widely used internationally, so this change, in some way or another, will change the economy worldwide.
Renewal of the FED: What will happen to the old dollars?
This announcement by the U.S. monetary authorities raised many doubts in society. One of them has to do with the use of old dollars. In view of this, the FED indicated that they will not be withdrawn from circulation, unless they are mutilated or broken. In that case, they will have to be exchanged for new ones in order to be able to use them normally.
This is key, since many places, as of 2025, will stop receiving banknotes that have stains, are torn in specific places or cut. For example, large supermarket chains such as Dollar Tree, Target and Walmart have decided to join the initiative to remove all bad bills from circulation.
Those who have specimens in these conditions may turn them in to the U.S. Bureau of Engraving and Printing, which will verify them and, if everything is in order, will return part of the value of the bill.
Dollar update schedule
The U.S. Bureau of Engraving and Printing clarified that the update schedule will reach several denominations, in addition to the $50 and $100. On their website, they published all the issues that will be renewed and the date on which they will begin to circulate, as follows:
- 10-dollar bill (2026).
- 20 dollar bill (2030).
- 5 dollar bill (2032).
If you wish to be informed about more articles on economics, do not hesitate to visit our specialized section on this subject, where you will find numerous publications of great interest.
