Greenback is not an accurate term
Sunday, December 09, 2007
I don't like the term "greenback" when used to refer to the US dollar. Canadian journalists are having a ball repeating the term every chance they get. This only started happening when the Canadian dollar made gains on the US currency. Before, it was called "the US dollar." All of the sudden is greenback this, greenback that. I can't wait until they forget the term, or learn to use it properly.
According to Wikipedia
, greenbacks are only US Government issued legal notes, and not every dollar printed by the modern Federal Reserve
, which are actually in use now. I don't think greenbacks are in circulation anymore.