Tuesday, May 20, 2008

Show me the Money.........

I had always wondered why all currency notes in the US whether $ 1 or $ 10 or $100 had the same exact dimensions. Coming from India and with my experience in other European/Asian countries I was more used to the graded sizes of the currency notes. The smaller denomination in a smaller size with progressively increasing sizes as the denomination increased.

Reduced the chances of accidentally handing out a wrong bill and was particularly relevant in parts of the world where literacy is low and people relied on the dimension of the bill to interpret it's denomination.Varying the sizes would also make it easier to handle for the visually impaired.

A recent court ruling may force the treasury to move in that direction :
Paper money unfair to blind - court

Surely, a very welcome step for the visually impaired.Costs involved may be high as ATM's, Vending machines etc would need to be retrofitted.

Does anybody know the background of why all US currency is the same size ? Also, what are your reactions to the idea of having different sized bills in your wallet ?

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