Posted on 04/21/2010 10:08:44 PM PDT by TigerLikesRooster
UPDATE 1-New US $100 note aims to deter counterfeiters
Wed Apr 21, 2010 2:39pm EDT
By David Lawder
WASHINGTON, April 21 (Reuters) - A 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.
(Excerpt) Read more at reuters.com ...
The PX in Yokohama...
Bump.
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