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US delays debut of new US 100-dollar bill
(AFP) – 2 days ago
WASHINGTON — The United States has postponed the launch of redesigned 100-dollar bills indefinitely due to production problems, the central bank said Friday.
The issue date of the new bill that features anti-counterfeiting technologies, was initially set for February 10, 2011.
The Federal Reserve said in a statement that the Bureau of Engraving and Printing, which produces dollars, discovered a problem with "sporadic creasing" of the paper during printing of the 100-dollar note.
The technical glitch means that there will not be enough of the new bills to begin distributing them as planned.
"This new design incorporates cutting-edge, anti-counterfeiting technologies and the Federal Reserve imposes strict quality controls to ensure that users of US currency around the world receive the highest quality notes," the central bank said.
The 100-dollar note is the largest denomination currently printed. Bearing a portrait of Benjamin Franklin, one of the nation's founding fathers, on the front, the bill is a favorite among counterfeiters.
The remake of the 100-dollar bill was unveiled on April 21. Among its security features is a 3-D security ribbon on the back.
US delays debut of new US 100-dollar bill
(AFP) – 2 days ago
WASHINGTON — The United States has postponed the launch of redesigned 100-dollar bills indefinitely due to production problems, the central bank said Friday.
The issue date of the new bill that features anti-counterfeiting technologies, was initially set for February 10, 2011.
The Federal Reserve said in a statement that the Bureau of Engraving and Printing, which produces dollars, discovered a problem with "sporadic creasing" of the paper during printing of the 100-dollar note.
The technical glitch means that there will not be enough of the new bills to begin distributing them as planned.
"This new design incorporates cutting-edge, anti-counterfeiting technologies and the Federal Reserve imposes strict quality controls to ensure that users of US currency around the world receive the highest quality notes," the central bank said.
The 100-dollar note is the largest denomination currently printed. Bearing a portrait of Benjamin Franklin, one of the nation's founding fathers, on the front, the bill is a favorite among counterfeiters.
The remake of the 100-dollar bill was unveiled on April 21. Among its security features is a 3-D security ribbon on the back.
