New $100 Bill Due in October
April 24, 2013 11:52 PM
comment(s) - last by
Printing delays dragged the circulation date til Fall 2013
A new $100 bill -- which will offer advanced security features -- will finally begin circulating this October.
The new bill will have enhanced security feautures, such as A three-dimensional, blue security ribbon. The idea is to make the bill easier to authenticate, but more difficult for counterfeiters to recreate.
The $100 bill was originally introduced in 2010, but circulation was delayed due to a malfunction in the printing process.
The bill will officially start circulating on October 8, 2013.
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RE: already obsolete
4/25/2013 4:41:49 PM
Austrailia probably isn't printing trillions of dollars every year either.
Counterfeiting? Considering how we're basically doing that on the national level, and driving the value of our currency down intentionally, that's the least of our problems.
RE: already obsolete
5/2/2013 11:13:18 AM
The estimate for the total amount of currency in circulation is only ~$4.5 trillion, so the US isn't printing trillions of dollars a year either.
Considering that Australia's polymer substrate (and other substrates like it) are used in many different countries, it's likely that the volume of polymer currency being printed worldwide exceeds that of the US dollar. I'm not sure what your argument is, though, since polymer bills are likely much more secure from counterfeiting than the US' paper money.
RE: already obsolete
5/5/2013 3:04:54 PM
If the US government can spend money like it's not real, what makes it so much worse if a counterfeiter does it?
IMO, it's irrelevant in the bigger picture. Large pro organizations doing counterfeiting can still make a passable polymer bill and if anything when you change the currency that is an opportunity for counterfeiters to sweep the nation with fake bills because people aren't yet familiar enough with the new currency format and just assume what they see is what it is supposed to look like.
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