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Tuesday
6 January 2009

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Americans hold dollar bill dear despite obsolescence - Dallas Morning News

Could it be our fascination with George Washington’s Mona Lisa smile? What else keeps the dollar bill alive despite its obvious obsolescence?

Most industrialized economies don’t waste time with paper money of such paltry purchasing power. For the 15 European countries in the eurozone, the smallest denomination of printed bank notes is the 5 euro, worth almost $8. In Britain, the lightest piece of folding money is 5 pounds, worth $10. In Japan, it’s 1,000 yen, about $9.

Read entire article: Americans hold dollar bill dear despite obsolescence - Dallas Morning News

Filed in: Presidential Dollar Coins, Uncategorized

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