backtop


Print 21 comment(s) - last by raddude9.. on May 17 at 10:40 AM

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. 

Source: New Money



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: already obsolete
By Flunk on 4/26/2013 8:56:00 AM , Rating: 2
Paper money doesn't generally last that long and they can just take it out of circulation when the new bills show up.


RE: already obsolete
By Jedi2155 on 4/27/2013 3:35:05 PM , Rating: 2
Thus the counter-argument to plastic is once they figure out how to counterfeit them, it'll be much harder to take them off the street since they don't wear out so quickly.


RE: already obsolete
By Guspaz on 5/2/2013 11:18:42 AM , Rating: 2
Not really, when the government decides they want to withdraw something from circulation, like when they replaced the dollar bill with the loonie, or the two dollar bill with the toonie, it happened pretty damned fast. When they decide to do something like this, any discontinued bill that reaches any bank gets sent in to be destroyed and is replaced by the new currency. Considering that most paper money passes through banks pretty quickly (if you spend it, the business deposits it usually pretty fast), the majority of the discontinued bills disappear PDQ.


"We’re Apple. We don’t wear suits. We don’t even own suits." -- Apple CEO Steve Jobs














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki