(Click image for bigger version. Image courtesy of ritholtz.com)
(Click image for bigger version. Image courtesy of ritholtz.com)
Posted on 10/08/2013 8:10:54 AM PDT by servo1969
For Immediate Release October 8, 2013
Federal Reserve Board Issues Redesigned $100 Note
The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.
Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world.
“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome H. Powell. “As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity.”
The Federal Reserve, U.S. Department of the Treasury, U.S. Bureau of Engraving and Printing, and the U.S. Secret Service partner to redesign Federal Reserve notes to stay ahead of counterfeiting threats.
The redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell. The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note.
Consumers worldwide are advised that it is not necessary to trade in older-design $100 notes for new ones. It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued.
For more information about the new design $100 note, as well as training and educational materials, visit www.newmoney.gov.
For media inquiries, please call 202-452-2955.
(Click image for bigger version. Image courtesy of ritholtz.com)
(Click image for bigger version. Image courtesy of ritholtz.com)
I thought bammy would be on it since it isn’t worth much either.
I notice it still says, “IN GOD WE TRUST”.
Man.... somebody is gonna get fired.
yep, and kerry, sos, game one to kim during his last meeting with him.
When the thieves set out to print a trillion more ‘dollars’ than there is backing for the currency (quantitative easing anyone?), the stupid public needs to be diverted from the reality by a new picture or three printed up and put into circulation dontchaknow..
Cupcake will have his obnoxious picture on a piece of U. S. Currency.
They’re already chiseling his image on Mount Rushmore, but had to chip off George Washington in order to make room for the phony jackass.
We can pay off that debt now
First letters in the serial #’s! JBT. lol
The Federal Reserve is not a governmental agency.
In Doofus They Trust
The last I heard, 30 million of these new $100 bills were messed up and had to be fixed or destroyed. Never saw the final tally as to what this snafu cost us. Did anyone on FR see any follow up on this?
The dollars created by QE are used to buy bonds.
The extra trillion is backed by the extra trillion in bonds.
“I thought bammy would be on it since it isn’t worth much either.”
Nah, he is going to be on the new Three Dollar Bill when it comes out.
More ironic is the counterfeiting measures on it (watermarks, tapes). Why bother?
The $100 bill ... its the new $1 bill!
“Consumers worldwide are advised that it is not necessary to trade in older-design $100 notes for new ones.”
Yet
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