Paso Robles News|Thursday, March 28, 2024
You are here: Home » Business » Local banks issued new $100 bills
  • Follow Us!

Local banks issued new $100 bills 

new $100 bill

Federal Reserve Board issues redesigned $100 bill

The Federal Reserve last week began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome H. Powell. “As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity.”

The Federal Reserve, U.S. Department of the Treasury, U.S. Bureau of Engraving and Printing, and the U.S. Secret Service partnered to redesign the $100 note to stay ahead of counterfeiting threats.

The redesigned $100 bill includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell. The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note.

Consumers worldwide are advised that it is not necessary to trade in older-design $100 notes for new ones. It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued.

For more information about the new $100 note, as well as training and educational materials, visit www.newmoney.gov.

Share To Social Media

Comments

About the author: Publisher Scott Brennan

Scott Brennan is the publisher of this newspaper and founder of Access Publishing. Follow him on Twitter, LinkedIn, or follow his blog.