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A watermark is made by impressing a water-coated metal stamp or dandy roll onto the paper during manufacturing. These watermarks were first introduced in Bologna, Italy, in 1282; however the dandy roll was invented in 1826 by John Marshall.

This decision is based on a number of factors, such as the country's economic growth, inflation, and the level of liquidity in the economy. The first factor that the RBI considers when deciding how much currency to print is the country's economic growth.

The symbol, conceptualised and designed by Udaya Kumar, a post graduate in Design from Indian Institute of Technology Bombay, has been chosen from thousands of concept entries received by the Ministry of Finance through an open competition among resident Indian nationals.

The Department of Currency Management in the RBI is responsible for such design changes and the printing of currency.

American paper currency come in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.

Currency Redesign In the first significant design change since the 1920s, U.S. currency is redesigned to incorporate a series of new counterfeit deterrents. Issuance of the new banknotes begins with the $100 note in 1996, followed by the $50 note in 1997, the $20 note in 1998, and the $10 and $5 notes in 2000.

The new note was developed to provide better protection for users of U.S. currency against the growing threat of counterfeiting, especially that posed by increasingly affordable and capable color scan- ning and printing systems.

A common circulated $1000 Federal Reserve Note might cost somewhere in the $1,500 to $2,500 range. Star notes are worth at least $2,000 and can go up to several thousand dollars. Notes with lime greens seals can be worth several thousand dollars or 10's of thousands if in excellent condition.

The redesigned $100 note incorporates two advanced security features ? the 3-D Security Ribbon and the Bell in the Inkwell ? and other innovative enhancements. It is not necessary to trade in your old-design notes for new ones. All U.S. currency remains legal tender, regardless of when it was issued.

Current Schedule. The current denomination sequence and planned issuance dates have been in development with the Advanced Counterfeit Deterrence Committee since 2011: $10 (2026), $50 (2028), $20 (2030), $5 (2032) and $100 (2034).