Friday 15 November 2013

U.S. issues redesigned $100 note



The United States Federal Reserve Board has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters.
Benjamin Franklin’s image on the $100 note stays the same, but other measures taken in the redesign will make verification easier and counterfeiting tougher.
The redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s. It also has 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.
In addition, the 100 number in the bottom right-hand corner shifts from copper to green.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome H. Powell in a press statement.
He added that as the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity.”
Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world.
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.

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