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A currency card, cash strap, currency band, money band, banknote strap or bill strap is a simple paper device designed to hold a specific denomination and number of banknotes.[1] It can also refer to the bundle itself.[2]
In the United States, the American Bankers Association (ABA) has a standard for both value and color. Note that all bills greater than $2 only come in straps of 100 count. The colors allow for quick accounting, even when the bills are stacked, such as in a vault. Special striped bands are used for straps exclusively containing star notes.
^US 3896524, Parker, Warren D., "Bundle binding strap", published 1975-07-29
^History of Currency Counting at the Federal Reserve Bank of Philadelphia
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