Developments in the Global Economy Services PMI  Manufacturing PMI 65  s.a., DI  75  s.a., DI  70 60  65 60  55  55 50  50  45 40  45  35 United States  United States  30  40  25  Euro area  Euro area  20  35 China 30 CY 18  19  20  21  China  15  22  10 CY 18  23  19  20  21  22  23  Notes: 1.
3  Section 102 of the Coinage Act of 1965 provides in part: “All coins and currencies of the United States, regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues.” Thus when you tender U.S. currency to your creditor, you have made a legal offer to pay your debts.