I have read the main problem is with countries like North Korea and Iran who produce bills so good that they can only be detected by serial number.
Everyone talks about getting rid of the penny but we should really get rid of the $100 bill. Obviously they are expensive to produce and in an era when most financial transactions (especially larger ones) are done with plastic they seems a bit foolish.
Like it matters what a 100 looks like any more. The damn thing ain’t going to be worth a penny quite shortly.
“We are raising the bar for counterfeiters,” says Sonja Danburg, the program manager for U.S. currency education at the Federal Reserve Board.
The Federal Reserve Corporation is the BIGGEST COUNTERFEITER on the Planet, to the tune of around 5% EVERY YEAR, but that number is growing rapidly, which makes this somewhat laughable.
We should outsource the production to the Norks (Pyongyang) - they’ve got all the expertise and need work.
We should outsource the production to the Norks (Pyongyang) - they’ve got all the expertise and need work.
We need a ten thousand dollar bill. Euros come in larger denominations than dollars, like a thousand euros. This means that smugglers and money launderers use Euros instead of dollars, because it takes up less space and is more convenient. If we made a ten thousand dollar bill, then the money laundering business would come here.
I don’t know if it’s true but I’ve read that half of the $100 bills currently in “circulation” outside of the US are counterfeit.If that’s even *close* to being correct that’s a serious situation.I’ve seen it claimed that polymer notes are much harder to counterfeit than are paper ones.If *that’s* true it might be worth considering.
They cost 60% more but when you realize that they last twice as long that’s virtual savings!!! < /s >
Oh well, someone’s cousin got the patent and the printing contract.
When will they do something for blind people on the bills?
“...new security features, which help prevent counterfeiting...”
They’re clearly a work of art, even by museum standards, but dollars to donuts it won’t stop would-be counterfeiters from trying, especially the government of North Korea.
Why bother? It’s not worth anything anymore anyways.
Well if it prevents counterfeiting it’s well worth the cost.
Let’s go with a coin then. Isn’t that the whole idea of coins, to save money. And gee, maybe it could be made out of actual gold and not some cheap and a not very reasonable facsimile of.
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