Central Banking

Facelift for the greenback

US - Redback, pinkback, and blueback may not have quite the same ring as greenback. Nevertheless, US Treasury Secretary Paul O'Neill is considering plans to replace the famously green hue of dollar notes with a rainbow of seven different colours.

'The US Treasury and the Federal Reserve are making preparations to redesign US currency to keep ahead of the counterfeiters,' said Jim Hagedorn, spokesman for the Bureau of Engraving and Printing. 'Any new currency is likely to include subtle backgro

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