According to a new study in the Journal of Consumer Research(“Money Isn’t Everything, but It Helps If It Doesn’t Looked Used”), people will spend more to get rid of worn out bills and hold ...

Some people could see the new $10 bills right in early March but the introduction in any given area of the country will depend on the demand by commercial banks for new $10s to replace worn-out bills.

Officials stressed that the $900 billion worth of $100 bills currently in circulation will remain good and will only be gradually phased out as worn-out bills are returned to Fed facilities.

The Fed destroys more than 5,000 tons of U.S. currency a year—billions of dollars in torn, dirty or worn-out bills that are withdrawn from circulation and shredded. Most of it once went to ...

Dirty and worn out bills are also sorted out with sensors. - Fives, tens and twenty-dollar bills printed before 1996 are automatically pulled from circulation, simply because of their age.

Officials stressed that the $900 billion worth of $100 bills currently in circulation will remain good and will only be gradually phased out as worn-out bills are returned to Fed facilities.