A new $100 bill will begin circulation Tuesday, October 8th.
The new bill has several
unique features to make counterfeiting more difficult including a blue, 3-D security
ribbon. Also there are new watermarks and “100s” printed on either side. Except for the $1 and $2 bills, all United States paper
currency has been redesigned in the last 10 years.
Actually, the $100 bill was supposed to be redesigned and
released back in 2011. The Federal Reserve announced that there was a problem
with the new security measures that was causing the bills to crease during
printing. The crease caused white space on the bills.
The $100 bill is the second most common bill in circulation,
only behind the $1 bill. According to the Federal Reserve, there are 8.6
billion $100 bills in circulation. Now obviously we don’t have to turn in the
old bills for the new, but I’m excited to get my hands on one.
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