The Federal Reserve said on Tuesday it began supplying banks with a redesigned U.S. $100 bill that includes new security features to help deter counterfeiters.
“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” Federal Reserve Board Governor Jerome H. Powell said in a news release. “As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity.”
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 Federal Reserve said. The new features, and additional attributes kept from the previous design, such as a watermark, offer the public a simple way to authenticate the redesigned $100 note visually, the Federal Reserve contends.
(Sponsored)
Finding the Right Business Banking Partner: 4 Considerations to Support your Search
In today’s increasingly dynamic and competitive business environment, finding the right banking partner to meet the needs of your business is critical to your success. Banks are not one-size-fits-all and
What’s on the Horizon for Print Security?
Imagine being robbed…because of your printer. Unfortunately, that scenario played out in real life for an undisclosed number of victims collectively robbed of nearly $1 million worth of Bitcoin due
It said that distance, demand, and the policies of individual financial institutions would affect how fast the redesigned money reaches businesses and consumers around the world.
The Federal Reserve said it advises consumers worldwide that it is not necessary to trade in older-design $100 bills for the new currency. It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued, it notes.
The Federal Reserve, U.S. Department of the Treasury, U.S. Bureau of Engraving and Printing, and the U.S. Secret Service collaborated to redesign the $100 bill.
For more information about the new design of the $100 note, visit www.newmoney.gov.
Contact Rombel at arombel@cnybj.com
