New $100 Bill: How Will Redesign Discourage Counterfeit Money? [PHOTO]
A redesigned $100 bill is expected to enter the market by October 8, 2013. The announcement was finally confirmed by the Federal Reserve on Wednesday, nearly two years after the initial target release date.
The highest value denomination in open circulation, the $100 bill redesign was expected to be ready by February 2011. However, officials that were involved in the project opted to delay its release in December 2010 in order to address production issues that caused unwanted creases on many of the notes.
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"We made numerous process changes to address the creasing issue and we are back in full production," said Bureau of Engraving and Printing spokesperson Dawn Haley.
Haley explained that changes made to the paper feeder were required in order for the printing press to properly create the new $100 bill redesign. Many of the new modifications to the $100 bill are security features, including a blue 3D security ribbon and a disappearing Liberty Bell in an inkwell. Naturally, American icon Benjamin Franklin remains on the face of the $100 bill.
The $100 bill redesign is subtle yet extremely intricate. The blue security ribbon is composed of thousands of microscopic lenses that act to magnify objects underneath the new $100 bill. The unique effect also causes an optical illusion that suggests the bill is moving opposite to the direction it is actually moving.
The series of bill redesigns began in 2003 when the government first modified the $20 bill. Redesigns for the $50, $10 and $5 bills closely followed.
The $100 bill is one of the most frequent targets for counterfeiters across the world. The Federal Reserve expects the cutting edge microscopic lenses on the blue security ribbon to thoroughly deter any and all counterfeiting attempts. They intend to launch an extensive education program for businesses and consumers all over the world to raise awareness and educate businesses of the new design.
To learn more about the $100 bill redesign, be sure to visit www.newmoney.gov.
Be sure to watch the video of the new $100 bill redesign below:
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