Bills wear out. The old ones are flown back to the U.S. for destruction and new ones are flown in which means the old ones will be replaced by the multicolored ones. Therefore, all $20 will eventually be replaced by the new ones all around the world. See my post #14 re maintaining and circulating two sets of currencies, and agitator's post#8.
Maybe someone can explain it to me.
I'm looking to figure out what's true and isn't myself.
What's TRUE, as opposed to people on FR, who imagine that they are " experts ", because years ago, they read some bill/s that were proposed, but
NEVER enacted, is that banks get OLD paper currency from abroad and send them NEW stuff. At one time, bank employees were allowed to but the OLD bills, for face value, as " keepsakes ", curriosity items, whatever.
Old American paper money, that is worn, is redeemable at any bank. The government destroys worn out and defaced money.
These are the FACXTS and NOT the tinfoil, that some here pass off as " fact ".
Thank you. But somehow, there is still something wrong. Unfortunately, my brother the banker just left on a two-week vacation and I won't be able to speak with him until he returns so I can share his comments with all of us. The acid test during his absence will be if we start to get multicolored bills here in Panama. I'm not saying you're wrong. I am saying that I'm not satisfied with our comments yet.