The U.S.A. will place a new-series one-dollar bill into general circulation before 2003. For this claim, a new-series one-dollar bill is one with a off-center portrait larger than the 1996-series portrait.
Background:
The U.S.A. is introducing a new design for its paper currency. This new design makes counterfeiting more difficult. See "Your Money Matters" (http://www.ustreas.gov/treasury/whatsnew/newcur/). According to the Department of the Treasury, the approximate schedule for the new bills is roughly one per year starting in 1996, with the highest denominations first. At this schedule, the one-dollar bill should be available in 2002. (Do not forget the two-dollar bill in 2001.)
There has been significant effort to replace the one-dollar bill with a one-dollar coin. The phasing out of the old-series one-dollar bill provides a signficant opportunity for advocates to argue that the U.S.A. should not incur the cost of designing and printing new-series one-dollar bills. See "Frequently Asked Questions About United States Coins" (http://www.ustreas.gov/treasury/opc/opc0033.html) and "Frequently Asked Questions About United States Paper Currency" (http://www.ustreas.gov/treasury/opc/opc0034.html).
See also claims $coin and Cent.
The document "Your money matters" and the Treasury FAQs have moved.
