The US Federal Reserve started supplying redesigned $100 notes to financial institutions today (8th October 2013). The new notes incorporate new security features designed to deter counterfeiters as well as help businesses and consumers identify if a note is genuine or not.

Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world said the Fed.

"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 new notes have two new security features:

• First there is now a blue 3D security ribbon down the middle of the note front with images of bells and 100s on it

• Secondly at the bottom of the note frot and just to the right of the new ribbon is a colour changing bell in an inkwell.

The new design can be seen at www.newmoney.gov/.

The Fed is advising Consumers worldwide 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.

Dollar Symbol by Svilen.milev via Wikimedia Commons

Dollar Symbol by Svilen.milev via Wikimedia Commons

Comment Here!

comments