News / Economy

US Money Factory Prints Distinctive Dollars

US Money Factory Prints Distinctive Dollarsi
X
February 10, 2014
American dollars are a popular currency both in the United States and around the world. So it's critical to ensure that they're distinctive and trustworthy. That's the job of a government agency that's been printing American bank notes for more than 150 years. VOA's Julie Taboh visited its Washington headquarters to see first-hand how American money is made.
TEXT SIZE - +
American dollars are a popular currency both in the United States and around the world. Ensuring that the bills are distinctive and trustworthy is the job of the U.S. Department of the Treasury, a government entity that's been printing American bank notes for more than 150 years.

The Bureau of Engraving and Printing, within the U.S. Department of the Treasury, designs and produces millions of U.S. bank notes each day at its facilities in Texas and in Washington, making it one of the largest currency printing operations in the world.

The agency was established in 1862 under President Abraham Lincoln during the American Civil War.

Creating a United States bank note from start to finish is a complex process, according to Bureau Director Larry Felix

“It looks like ink on paper, and it is ink on paper, but there are an extraordinary amount of systems that are on that bank note,” he said.

The process

During the first stage of printing, the background color is applied. On a $20 bill for example, the blue eagle in the background and the subtle orange and green coloring, are put on by the bureau’s offset printing.

A worker at the Bureau of Engraving and Printing examines sheets of US currency before they are made into wallet-ready bills. (J. Taboh/VOA)A worker at the Bureau of Engraving and Printing examines sheets of US currency before they are made into wallet-ready bills. (J. Taboh/VOA)
​Next, the notes are pressed onto inked, engraved plates. Intaglio printing is used for the portraits, vignettes, scrollwork, numerals and lettering that is unique to each denomination.

“Just about anyone who produces a bank note wants to put Intaglio on that note. It gives bank notes that distinctive touch, that feel,” said Felix. "The United States puts more Intaglio than almost any other country because we put Intaglio in the front and on the back.”

The next stage involves the letter press printing process where the serial numbers and seals are added.

​“So we put these features in these notes to assist people, to make sure that they can tell if the note is real,” said Felix. “And every step of the way it also helps machines to identify if that note is real or not.”

Counterfeit threats

Regarding the issue of counterfeiting, Felix said the bureau is always evaluating the threats against bank notes in terms of digital and other evolving technologies “that would have an impact on the future of the integrity of a bank note. We’ve anticipated those threats and designed those features into the bank notes.”  

Rosie Rios on currency design and role in US history (Click to Expand)

x
Rosie Riosi
X
February 10, 2014

Rosie Rios on currency design and role in US history (Click to Expand)

While there’s no such thing as a counterfeit-proof note, Felix says counterfeit notes in circulation is less than 1/100th of 1 percent.

“That means,” he said, “that the designs are effective and the United States Secret Service and our partners at the Federal Reserve are very effective in ensuring that U.S. currency rates remains strong and used worldwide and widely accepted.”

​Rosie Rios is the treasurer of the United States and has direct oversight over both the Bureau of Engraving and Printing and the U.S. Mint, which produces coins. They are separate bureaus within the Treasury.

Rios' signaturealong with that of the secretary of the Treasuryis stamped on all U.S. bank notes during their time in office.

While the percentage of counterfeit notes in circulation remains very small, she says the government continues to redesign American currency to stay ahead of advancing technologies and tech-savvy counterfeiters.

She pointed to the newly designed $100 note as an example.

“So on the overt features, the features you can see, one of the first things you notice about this new $100.00 bill which was issued in October 2013, is that it has this blue, 3-D security ribbon.”

The ribbon, along with other new security features, makes it easier for the public to authenticate and more difficult for counterfeiters to replicate.

“U.S. currency is trusted world-wide. People recognize it,” said Rios. “So we want to make sure that we produce something that’s trusted, that’s secure, that’s safe and people can continue to use in the future.”

Continued demand

And if anyone is wondering whether cash transactions are becoming a thing of the past, Rios says there’s no need for concern.

“Even though there’s been this enormous amount of electronic transactions over the last few years, the amount of currency that we’re producing in absolute numbers has been increasing,” she said. “So we’re still producing on average seven billion notes per year."

Sixty percent of those notes are in circulation outside the United States, currency, said Rios, that will be in demand for many years to come.​

You May Like

Algerians Vote in Presidential Election

There were few media reports of protests and clashes around the country, but so far no significant violence More

Sharks More Evolved than Previously Thought

The discovery could “profoundly affect our understanding of evolutionary history” More

Pakistan Military Asked to Protect Polio Workers

Request comes as authorities say a Taliban ban on vaccinations in 2012 and deadly attacks on anti-polio teams have prevented thousands of children from getting inoculated More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid

World Currencies

EUR
USD
0.7217
JPY
USD
102.17
GBP
USD
0.5949
CAD
USD
1.1009
INR
USD
60.326

Rates may not be current.