U.S. Treasury Unveils a Better $100 Dollar Bill
- 14 years ago
U.S. Treasury officials on Wednesday unveiled a newly designed $100 note containing advanced security features to foil counterfeiters.
The bill will go into circulation on February 10, 2011.
While retaining the traditional look of the U.S. currency, with Benjamin Franklin's portrait, the new bill will contain a blue three-dimensional security ribbon with alternating images of bells, and the number 100 will change when viewed on an angle.
A bell image on the front of the bill will also change from copper to green when tilted.
[Timothy Geithner, U.S. Treasury Secretary]: (English)
“Now individuals, businesses and governments around the world put their confidence in our currency. They use the dollar because they know that it is backed by the most sophisticated anti-counterfeiting technologies available to men, that the design can't be stolen or replicated.”
U.S. Treasury and Federal Reserve officials said older $100 dollar notes will remain in circulation after the new currency is released in February 2011.
The $100 note is the most often counterfeited denomination of U.S. currency outside the United States due to its wide circulation.
In recent years, U.S. officials have been trying to combat the continued production of extremely high-quality counterfeit $100 notes they say are produced in North Korea.
These “super notes” as they are called, are undetectable to nearly all but the most sophisticated currency experts.
Federal Reserve Chairman Ben Bernanke said in a statement that unlike in the past when most cash dollars were held domestically, as many as two thirds of the $890 billion in Federal Reserve notes now in circulation are outside the United States.
The bill will go into circulation on February 10, 2011.
While retaining the traditional look of the U.S. currency, with Benjamin Franklin's portrait, the new bill will contain a blue three-dimensional security ribbon with alternating images of bells, and the number 100 will change when viewed on an angle.
A bell image on the front of the bill will also change from copper to green when tilted.
[Timothy Geithner, U.S. Treasury Secretary]: (English)
“Now individuals, businesses and governments around the world put their confidence in our currency. They use the dollar because they know that it is backed by the most sophisticated anti-counterfeiting technologies available to men, that the design can't be stolen or replicated.”
U.S. Treasury and Federal Reserve officials said older $100 dollar notes will remain in circulation after the new currency is released in February 2011.
The $100 note is the most often counterfeited denomination of U.S. currency outside the United States due to its wide circulation.
In recent years, U.S. officials have been trying to combat the continued production of extremely high-quality counterfeit $100 notes they say are produced in North Korea.
These “super notes” as they are called, are undetectable to nearly all but the most sophisticated currency experts.
Federal Reserve Chairman Ben Bernanke said in a statement that unlike in the past when most cash dollars were held domestically, as many as two thirds of the $890 billion in Federal Reserve notes now in circulation are outside the United States.