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Best Answer: Yes Santas suit was originally green back when he was known as St Nicholas, he then had a totally different meaning to the Santa Clause we know today. The truth behind the Santa we see in our times came about in the early 1950's and someone we all know very well helped to create this image.
Later replaced by legal tender backed by gold, which was itself later backed by GDP, the virtual qualities of money have steepened over the years â a trend goldbugs and states like Utah would love to reverse. Whatâs really steeped in mystery is where the dollarâs green color originated from. The Bureau of Engraving and Printing offers this explanation, although I smell anachronism in their conviction that green is âclearlyâ a stable color suitable for the young countryâs currency. And thusly was so-called patent green born.