New $5 Bill Now in Circulation: Is it Time to Revalue the Dollar?

I’m a fan of paper money less than I am of coins, but I still like to take notice whenever any currency is redesigned. The $5 bill is the latest to get a make-over to thwart counterfeiters and to keep things interesting. Apparently counterfeiters prefer to bleach current $5 and reprint images of $100 bills on the paper for a tidy profit. The new watermarks on the $5 bill should prevent this.

Here is the new design.

New $5 bill design

These colorful bills entered circulation last Thursday, but I have not seen one just yet. Personally, I’d like to see more artistic designs—on bills as well as coins. I’d also like to see elimination of the one-cent piece and the one dollar bill. I’ll go out on a limb and even consider revaluation of the US dollar in such a way that today’s $1 becomes the “new $0.10” and today’s $10 becomes the “new $1” and so forth. It sounds crazy, but I’d like to see this before it costs $100 to see a movie in a theater.

U.S. unveils new $5 bill to thwart counterfeiters [Reuters]

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