KHTS Radio Santa Clarita Radio – Santa Clarita News
A new, redesigned $100 bill is being supplied at financial institutions by the Federal Reserve.
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These notes incorporate new security features to deter counterfeiters and to help businesses and consumers tell if a note is genuine.
Three things will influence how quickly the notes will reach businesses and consumers around the world. Those things are distance, demand, and individual financial institution’s policies.
“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 http://www.newmoney.gov/
http://www.newmoney.gov/stakeholder/media/release_10082013.htm
News Release – Know Your Money
U.S. Currency Education Program website
PRESS RELEASE COURTESY OF LOS ANGELES COUNTY SHERIFF’S DEPARTMENT
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