Feds say Redesigned $100 Bill Ready by October

Comments: 1  | Leave A Comment
  • advertisement
  • WASHINGTON (AP)— 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 Fed has set a new target date of Oct. 8. The redesigned note incorporates added security features, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell. The features are designed to thwart counterfeiters.

    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.

    “We made numerous process changes to address the creasing issue and we are back in full production,” said Dawn Haley, a spokeswoman for the Bureau of Engraving and Printing.

    Haley said those changes included modifying the paper feeder on the printing presses to accommodate variations in the paper associated with the 3-D security ribbon. The blue security ribbon is composed of thousands of tiny lenses. Those lenses magnify the objects underneath them to make them appear to be moving in the opposite direction from the way the bill is being moved.

    1 2 Next page »

    Tags: »

    • More Related Content

    Comments

    One thought on “Feds say Redesigned $100 Bill Ready by October

    1. upto I saw the draft four $5054, I be certain that…my… cousin was like they say actually bringing in money in their spare time on their apple labtop.. there neighbour haz done this 4 less than 7 months and as of now paid for the dept on there villa and got a new Mercedes-Benz S-class. read more at,…….. http://qr.net/kiWo

    Add Your Comment

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s