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how come the u.s. is not making any more 2 dollars note???

2006-06-30 08:16:23 · 10 answers · asked by henry_arnold2002 1 in Business & Finance Credit

10 answers

In spite of its relatively low value, the two-dollar bill is one of the most rarely seen denominations of U.S. currency. This is partly due to the low production of the note; approximately 1% of all notes produced today are $2 bills. Two-dollar bills, unlike other denominations, are not frequently reissued in a new series. This is because bills are printed according to demand. When the Federal Reserve Banking System runs low on its current supply of $2 bills, it will submit an order to the Bureau of Engraving and Printing, which will then print more. Demand for $2 bills is low enough that one printing can last for many years. There is still a large supply of series 1976 bills that have not been circulated.

It is still a common perception that the $2 bill is rare, and when the general public encounters them, the bills are frequently hoarded and not circulated. According to the Treasury, they "receive many letters asking why the $2 bill is no longer in circulation." [1]. In response, the Treasury states: "The $2 bill remains one of our circulating currency denominations. According to BEP statistics, 590,720,000 Series 1976 $2 bills were printed and as of February 28, 1999, there was $1,166,091,458 worth of $2 bills in circulation worldwide."

2006-06-30 08:23:39 · answer #1 · answered by Neil 2 · 0 0

Nobody wanted to use them.

Used to be that they were in common use at racetracks for $2 bets. But when horse racing waned in popularity, people didn't use the $2 as much. When the Mint tried to revive them, no one cared. The same thing will happen with the dollar coin, no matter how hard the Mint tries to push it.

You want to have some fun? Get a $2 bill and try to spend it with the dumbest-looking fast food clerk you can find. Sometimes they will call the cops. :)

2006-06-30 08:21:36 · answer #2 · answered by Anonymous · 0 0

I work at Citibank and we still get two dollar bills you can go and ask for a strap of two dollar bills, there'stwo hundred dollars in every strap.

2006-07-01 17:50:22 · answer #3 · answered by MARIA F 1 · 0 0

Store not want them. They would have to buy new cash registers to add an additional slot for the $2 Bill. But, I could be wrong. May be that people really not want to use them.

2006-06-30 08:21:13 · answer #4 · answered by Snaglefritz 7 · 0 0

The Government changes just about everything at one time or another. I have some and will pass them on to my children, grandchildren and great-grandchildren and hope they can still use them and that they are still worth $2.00 at least.

2006-06-30 10:05:24 · answer #5 · answered by turlockturkeys 2 · 0 0

It's still available. I get them from the bank for gifts instead of gift cards.

2006-06-30 10:57:50 · answer #6 · answered by MagPookie 4 · 0 0

I have one. I am not sure why they are not being made any more. Just not popular I guess. I am just glad that I still have one. they are probly worth something by now.

2006-06-30 08:20:27 · answer #7 · answered by Anonymous · 0 1

No consumer demand for them

2006-06-30 08:20:55 · answer #8 · answered by wiregrassfarmer 3 · 0 0

i have one

2006-06-30 08:19:11 · answer #9 · answered by ~BANG I'm Dead~ <3 3 · 0 0

They don't need to

2006-06-30 08:19:14 · answer #10 · answered by GD-Fan 6 · 0 0

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