Topic: U.S. Treasury Stays One Step Ahead Of Counterfeiters By Unveiling New $100 Dollar Bill
Page 1 of 1 sorted by
For maximum scope and convenience, Poui Bloom is divided into varied forums from how to deal with exam stress and pass exams to general discussion topics which may not be academic but are relevant nonetheless.
Our parent site Mediazoneja is focused on Jamaica/Caribbean music and has something for everyone. Wanna chat...we are on 24/7, for authentic reggae/dancehall and DJs...just tune in and for news and information about Jamaica and the Caribbean...we are updating minutely!!
Join the Zone and over 85,000 strong export the very best of reggae/dancehall to be found anywhere on the Net...
***Also, as you browse the PouiBloom, ...we invite you to check out these sites***
(AXcess News) Washington - In an effort to make it more difficult to counterfeit money, the US government has redesigned the $100 bill, adding new security features.
The blue 3-D Security Ribbon on the front of the new $100 note contains images of bells and 100s that move and change from one to the other as you tilt the note. The Bell in the Inkwell on the front of the note is another new security feature. The bell changes color from copper to green when the note is tilted, an effect that makes it seem to appear and disappear within the copper inkwell.
The redesigned $100 bill was unveiled at a ceremony in Washington by Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke. The redesigned $100 bill is to be released on February 10, 2010, in order to give the government time to educate the public.
Bernanke noted that as much as two-thirds of U.S. currency circulates outside of the Country, while saying the 6.5 billion $100 bills currently in circulation will remain legal tender.
"U.S. currency users should know they will not have to trade in their older design $100 notes when the new ones begin circulating," said Bernanke.
The $100 bill is the last U.S. currency to undergo redesign. The redesign of U.S. currency began in 2003 with the $20 bill, which was soon followed by the $50, $10 and $5. Only the $1 dollar bill has been left out of the program.
$100 bills are the most counterfeited U.S. currency outside the United States, $20 bills remain the highest within the U.S..
The U.S. Treasury refreshes its currency every once in a while to stay a step ahead of counterfeiters, and this time theyre refreshing the $100 bill. The new bill will contain a security feature called Motion, where each bill will contain up to 650,000 microlenses embedded in the printing which will allow for an underlying image to shift when the bill is moved. Yep, good old Benjamin Franklin is getting a facelift and here it is.
Highlights of the new bill: - 3-D Security Ribbon - Bell in the inkwell. When you move the note, the bell changes color from copper to green. - Portrait watermark - Security Thread - Color-shifting 100 - The new note will be issued on February 10, 2011.