Word: dollarization
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Dates: during 1980-1989
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...began for purely practical reasons, said Ferranti-Dege owner Tony Ferranti, but using the two-dollar bill has turned into a major advertising gimmick for the photo store on Mass...
Although two-dollar bills returned to circulation in 1976, no other store in Harvard Square has opted to use them on a regular basis and Ferranti-Dege has become distinct for its use of the bill...
...rate the nation's supply of bills--last printed in 1976--is going, the two-dollar note will last a long time before it goes out of circulation, said Edward A. Romkey, assistant vice-president of cash services at the Federal Reserve Bank in Boston, which distributes the bills to banks in the area...
...surprising how many people look at it in a startled manner and are very suspicious," he added. Ferranti said that while some people are intrigued by the bills, others ask for one-dollar bills instead...
...People thought they were bad luck," said James J. Casey, assistant manager at Ferranti-Dege. He said one of the reasons the bills were originally discontinued in the 1950s was because many people associated them with gambling and the underworld, partly because they were commonly used for placing two-dollar bets at racetracks...