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Blog: New $100 note official design

April 22
2010

New $100 note official design

Newly designed $100 note aims to thwart counterfeiters with advanced security features, top U.S. Treasury and Federal Reserve officials said on Wednesday:

The "new Benjamins" to be released in February 2011 retain the traditional look of the U.S. currency, with Benjamin Franklin's portrait. They aim to foil counterfeiters with difficult and costly to reproduce features such as a blue three-dimensional security ribbon with alternating images of bells and the number 100 that move and change as the viewing angle is tilted.

The new notes, which cost slightly more to produce, also feature a bell image inside a picture of an inkwell that changes from copper to green when tilted, as well as a large "100" that does the same.

"As with previous U.S. currency redesigns, this note incorporates the best technology available to ensure we're staying ahead of counterfeiters," U.S. Treasury Secretary Timothy Geithner said at a Treasury Department unveiling ceremony. "Welcome to the new Benjamins."

The $100 note is the most often counterfeited denomination of U.S. currency outside the United States due to its broad circulation overseas. It is the highest-denominated note issued by the Federal Reserve.

The approximately 6.5 billion older design $100s already in circulation will remain legal tender after the new notes are released next year.

BEATING THE SUPERNOTE

In recent years, U.S. officials have been trying to combat the continued production of extremely high-quality counterfeit $100 notes they say are produced in North Korea, dubbed the "supernote," which are undetectable to nearly all but the most sophisticated currency experts.

The U.S. Secret Service, the agency charged with policing the cash dollar's integrity, maintains that less than 1/100th of one percent of the $890 billion in physical U.S. currency in circulation is counterfeit. But Secret Service officials say they still encounter supernotes and other highly sophisticated fakes from overseas.

In the United States, the $20 note is the most frequently counterfeited denomination.

The new Benjamins have been in development since 2003. The blue security ribbon is woven into the note's fabric -- not printed on. Another security strip, visible to the left of Franklin's head when the note is held up to light, is embedded into the fabric. Like the old note, the new one has a watermark of Franklin's portrait, also visible when held up to light.

The old notes will be destroyed and replaced as they pass through the Federal Reserve system.

John Large, special agent in charge of the Secret Service's criminal investigations division, said the features were designed to make it easy for merchants and consumers to verify the $100 note's authenticity with a quick examination.

"The best defense against counterfeiters we have is an educated public that can easily authenticate the new $100 note," Lange said.

Federal Reserve Chairman Ben Bernanke said U.S. officials will work to educate people around the world about the new design. Unlike in the past, when most cash dollars were held domestically, as many as two thirds of Federal Reserve notes now in circulation are outside the United States, he added.

 

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andrew
Developers group
111 messages
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April 22, 2010 08:58
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Video:

 
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WilsonA
Registered user
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April 24, 2010 06:52
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New 100 dollar bill, new Benjamin Franklin. Many are saying that this new 100 dollar bill is the best defense to beat the counterfeiters. I fully understand the have to continuously change our cash with the technology counterfeiters have, but it seems like a bit redundant. My question I have is how does the government plan on stopping the circulation of the $100 bills already out there? There's nevertheless $100 bills passing through my hands from 4 designs ago, so what is to stop the counterfeiters from continuing to make the older version anyway, at least until they determine how to make the new one. With all the fake hundreds they can make, they have plenty to finance their research for making the new ones.
 
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andrew
Developers group
111 messages
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May 20, 2010 09:21
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Yes, the counterfeiters is a very big problem not in United states only, as I wrote about 500 euro bill, in Europe the level of counterfeited banknotes is also very high.

One more photo from presentation of the new design of the 100 dollars bill:

 
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