New $100 bill in circulation
The government shutdown has not stopped the introduction of the new $100 bill that began circulation Oct. 8. Its new hi-tech features are designed to prevent counterfeiters.
According to an Associated Press report, the bills took more than a decade to develop and the introduction was plagued by production problems that set back the rollout by two and a half years. But officials say the problems have now been fixed. The Federal Reserve has printed 3.5 billion of the notes, the first redesign since 1996.
Some bank customers could start seeing the new bills by Tuesday afternoon depending on how close their bank is to a regional Fed facility.
New features of the bill includes a disappearing Liberty Bell in an ink well and a bright blue three-dimensional security ribbon with images that move in the opposite direction from the way the bill is being tilted. It still has Benjamin Franklin on the front and Philadelphia’s Independence Hall on the back.
For more information on the new bills visit www.newmoney.gov