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The new design for the $100 note was unveiled yesterday (4/21/10). The new design is complete with advanced technology to combat counterfeiting, while retaining the traditional look of U.S. currency. No worries about your old bills Although the design is now known, the new note will not be issued until February 10, 2011. Federal Reserve Board Chairman Ben Bernanke has stated, "U.S. currency users should know they will not have to trade in their older design $100 notes when the new ones begin circulating." Whew!
Bernanke's statement probably relieved a lot of stress for those who had been concerned about immediately having to queue up in a bank line to trade all of their old $100 bills in for slotoff.com new ones! The press release from the U.S. government in regard to the new design contained information about counterfeiting, stating: 'Although less than 1/100th of one percent of the value of all U.S. currency in circulation is reported counterfeit, the $100 note is the most widely circulated and most often counterfeited denomination outside the U.S.' Slideshow showing the redesign Foxnews.com has published a slideshow showing the new anti-counterfeiting features including 3D security ribbons and threads, color-shifting numbers, hidden microprint text and subtle watermark images.
Education lesson plans and resources Teachers may obtain classroom material by visiting this website: Click here for resources. Resources for financial institutions amp; currency exchanges As regular handlers of cash, employees of financial institutions and currency exchanges are often the first line of defense against counterfeiting. Click here for resources. Resources for the gaming industry Hundreds of millions of dollars circulate in casinos every day - much of it in $100 notes.
As a result, the gaming industry and its employees play an important role in the fight against counterfeiting. Click here for resources. From the government's FAQ library How are new currency designs developed? Who selects the colors? The banknote designers at the Bureau of Engraving and Printing develop new currency designs and work closely with an interagency research and development team which is responsible for updates to security features. The designers select a note's colors based on its security features, design elements and the multiple layers of complexity in its architecture.
Final approval of all currency designs rests with the Secretary of the Treasury. Remember, people shouldn't rely on color to check that their money is real because color is not a security feature, and can be easily reproduced. Checking security features is the most reliable way to verify a note's authenticity. For more articles by this writer, click here. Sources: http://www.newmoney.gov/media/release_04212010.htm http://www.foxnews.com/slideshow/scitech/2010/04/21/new-bill-security-features/ http://www.newmoney.gov/education/default.htm http://www.newmoney.gov/financial.htm http://www.newmoney.gov/gamingindustry.htm http://www.newmoney.gov/faq/default.htm