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Several forms of paper money were introduced by Congress over the years, the latest of which being the Federal Reserve Note that was authorized by the Federal Reserve Act of 1913 While all existing U.S. currency remains legal tender, issuance of the previous form of the currency U.S. notes was discontinued in January 1971. As a result, paper money that is in current circulation consists primarily of Federal Reserve Notes that are denominated in U.S. dollars.
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.
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26 июл 2020
