Slightly OT: Printing snafu delays new high-tech $100 bills
Jim_Higgins
http://www.usatoday.com/money/2010-10-01-high-tech-100-dollar-bill-delay_N.htm
WASHINGTON — The government says the planned February release of the new
high-tech $100 bill has been postponed because of printing troubles.
The Bureau of Engraving and Printing, which produces the government's
paper money, says the new bills have come out of some of initial
printing runs with unwanted creases. The bills have been redesigned with
sophisticated elements aimed at thwarting counterfeiters.
The Federal Reserve said Friday that the release of the bills,
originally set for Feb. 10, will be delayed until the problem is
resolved. The Fed, which puts the currency into circulation, said it
will announce a new date as soon as possible.
The central bank said in a statement that the sporadic creasing that has
occurred in initial press runs for the new currency had not been evident
during pre-production testing of the new bills.
Officials unveiled the redesigned $100 bill last April. Benjamin
Franklin is still on the C-note, but he has been joined by some snazzy
new features.
Those include a disappearing Liberty Bell in an inkwell and a bright
blue security ribbon that is composed of thousands of tiny lenses. Those
lenses magnify the objects underneath them to make them appear that they
are moving in the opposite direction from the way the bill is being moved.
The $100 bill is the highest value denomination in general circulation
and the most frequent target of counterfeiters.
It is the last bill to undergo an extensive redesign. That process began
in 2003 when the government added splashes of color to the $20 bill and
followed that makeover with redesigns for the $50, $10 and $5 bills. The
$1 bill isn't getting a makeover.
* You might also be interested in:
* New $100 bill has new security features, images, to thwart
counterfeiters
http://tinyurl.com/2647ox6
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Service Guarantees Citizenship
Jerry Dennis
> Slightly OT: Printing snafu delays new high-tech $100 billshttp://www.usatoday.com/money/2010-10-01-high-tech-100-dollar-bill-de...
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> Service Guarantees Citizenship
The video was interesting. I guess they do have some "snazzy new
features."
Jerry
Nice to see the print media is lightening up a little. :-)