Monday, October 2, 2023

Small part dollar: the banks’ heavy decision on this bill

The Federal Reserve of the United States once again insisted that small dollar bills have the same value as modern ones. This was revealed in a statement where he admitted that he knows that in some countries their exchange rate varies depending on age.

The Bangko Sentral made a decision on fixed term rates to include inflation

After knowing the inflation data for August, the Central Bank announced its position regarding the increase in the fixed term.

He did this on Monday based on a text from the Currency Education Program, whose task is that all users of the North American currency around the world have access to education, training and information about these banknotes.

The statement of the Federal Reserve on the small part of the dollar

“All US currency designs remain ‘legal tender’ (or legally valid forms of payment) regardless of when they were first issued,” the agency said in the document it published. now on his social media account X. .

He added: “The Federal Reserve Board recognizes that in some countries there may be different rates or policies for accepting foreign currencies, but the markets, not the United States government, control these rates. “

The new Mercado Pago function to save and fight inflation

Mercado Pago’s new tool, called Reserves, separates the main money from what is needed to invest in future financial decisions.

Likewise, he stressed that in that country “there is no federal law that requires a private company, person or organization to accept money or coins as payment for goods or services,” although this may vary depending on the laws and regulations in each state.

The government’s new ban on the “savings dollar”

A few days ago, the national government announced the payment of a fixed amount of $60,000 for employees with salaries up to $400,000, with the aim of restoring salaries, after the increase in inflation, which in August exceeded 10 %.

In the same way, the economist and director of the Central Bank Agustín D’Attellis announced that those who agree to collect this amount will no longer be able to buy the 200 dollars allowed per month.

Nation World News Desk
Nation World News Desk
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