Did The U.S. Treasury Remove the Two Dollar Bill From Circulation?
Contrary to the impression of many people, the Treasury Department did not stop circulating the two-dollar bill. It remains one of our circulating currency denominations, and a new series was printed in 1996. You may be interested to know that circulation of new currency progress slowly because it takes time for people to adjust. Unfortunately, there is not much demand for this bill in circulation. The key for successfully circulating the two-dollar bill is for retailers to use them just like any other denomination in their daily operations. In addition, most commercial banks will readily supply their retail customers with these bills if their customers request them in sufficient volume to justify stocking them in their vaults. However, neither the Treasury Department nor the Federal Reserve System can force the distribution or use of any denomination of currency on banks, businesses or individuals.