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Question: What is the Office of Currency Standards and what do they do?
Answer: The Office of Currency Standards is a division of the U.S. Treasury that is responsible for printing paper currency. They also handle the redemption of mutilated currency. If a person presents 51% of a damaged note to officials, the Office of Currency Standards will replace the damaged money. Every year, the U.S. Treasury handles around 30,000 claims and redeems mutilated currency valued at over $30 million.