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- Oct 5, 2012
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The United States Federal Reserve has issued a newly designed $100 note in a bid to curb counterfeit. According to a press release issued by the Federal Reserve Board, the issuance of the new note also aims at preserving the value of the currency and making it easier for businesses and consumers to authenticate it.
The statement notes that the new bills will be distributed to the financial institutions which will then put them in normal circulation. Distance, demand and policies of individual financial institutions will influence how fast the new notes will reach businesses and consumers across the globe.
"The new note includes high-tech security features that make it easier to authenticate, but hard to counterfeit," said Federal Reserve Board Governor Jerome H. Powel. He added that as the new note gets into circulation the easily recognizable features will make it easier for the public to verify its authenticity.
This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
The new design for the $100 note was unveiled in 2010, but its introduction was postponed following an unexpected production delay. To ensure a smooth transition to the redesigned note when it begins circulating in October, the U.S. Currency Education Program is reaching out to businesses and consumers around the world to raise awareness about the new design and inform them about how to use its security features.
[FONT=Calibri,Calibri][FONT=Calibri,Calibri]How the $100 bill evades counterfeiting
[/FONT][/FONT]The new $100 bill was released by the U.S. Treasury Department on October 8, 2013. This new bill thwarts high tech counterfeiters with its enhanced security features that make it much more difficult for counterfeiters to produce fraudulent currency that mimics the appearance of a true new $100 bill. The new $100 bill is the most recent currency update and follows prior changes to the $5, $10, $20 and $50 bills.
Some of the security features on the new currency are the same as the old $100 bill because they are still good ways to deter high tech currency counterfeiters. These older security attributes include microprinting, and the second portrait of Benjamin Franklin that appears only when the bill is held up to light.
In the case of microprinting on the new $100 bill, it has been developed further to thwart high tech counterfeiters printing techniques. Specifically, the new $100 bill does this with a security thread along the side of the portrait that reads USD 100[FONT=Arial,Arial][FONT=Arial,Arial].
[/FONT][/FONT]Color shifting ink has also been added to the new $100 bill in addition to more color within the note. The new $100 bill follows a similar design to the 2010 $100 bill; that prior bill revealed a strong contrast to the older $100 dollar bill.
