Thursday, 25 April 2013

Debut of New $100 Bill, Check out Ben Franklin's make over

Greenback revamped: A combination photo shows the front and back of the newly designed $100 bill that will be put into circulation October 8
New $100 bill

Coveted banknote: The $100 bill is the highest value denomination in general circulation and the most frequent target of counterfeiters
Old $100 bill

  • Federal Reserve said it will begin circulating the $100 bill this fall
  • It has been redesigned with high-tech security features 
  • This includes changing color when bill is tilted
The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target.
The features are designed to thwart counterfeiters.The new features include a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell that switches color from copper to green when tilted. It also boasts a large '100' that also shifts colors when the viewing angle is tilted.
The revamped bill had been expected to go into circulation in February 2011. But in December 2010, officials announced an indefinite delay. They said they needed more time to fix production issues that left unwanted creases in many of the notes.
The billions of older-design $100s already in circulation will remain legal tender after the new notes are released. The old notes will be destroyed and replaced as they pass through the Fed system.
The Fed has set a target date of October 8.
Security specs: The revamped note incorporates added features to thwart counterfeiters, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell that switches color from copper to green when tilted

1 comment:

  1. Megally secured.trust Ame pple wth technology.

    ReplyDelete