The Most Useful Facts About the New $100 Bill
Categories: Economy
By Pictolic https://pictolic.com/article/the-most-useful-facts-about-the-new-100-bill.htmlThe US government introduces a new $100 bill. She lost the once traditional green color and acquired new forms of protection against fakes. The $100 bill will go into circulation on October 8, 2013. Owners of old-style banknotes need not worry: they will remain in circulation, they will not need to be exchanged for new ones, and no one is going to recall them either.
(Total 9 photos)
1. Blue, gray and orange colors now prevail on the banknote. From now on, the banknote has additional elements that increase its protection against counterfeiters. Pictured: Checking $100 bills as they are printed at the Bureau of Engraving and Printing, Fort Worth, Texas on September 24, 2013.
2. “The $100 note has two new security features, a 3D security tape and a bell in the inkwell. In addition, the previous protection methods have been preserved - a watermark in the form of a portrait, a security thread and the number 100 that changes colors," the message says.
3. All these innovations have increased the cost of producing a banknote from 11 to 14 cents. But the US Federal Reserve is forced to make such expenses, as it is faced with the need to increase the protection of bills from counterfeiters. At the moment, the production of old counterfeit banknotes, made with extraordinary accuracy, continues. Photo: Printing $100 bills at the Bureau of Engraving and Printing, Fort Worth, Texas on September 24, 2013.
4. According to US law enforcement, their production is concentrated in North Korea. These banknotes cannot be distinguished by an ordinary eye from real ones, professional examination is required. According to the US Secret Service, an agency that controls the purity of American currency, there are not many counterfeit dollars in circulation, only a fraction of a percent. But high-precision fakes from across the ocean continue to arrive in the country.
5. The Embassy also recalled that the policy of the US government regarding the circulation of banknotes implies the free circulation of all banknotes - new and old designs, as legal tender.
6. “This policy applies to Federal Reserve Notes of any denomination issued from 1914 to the present day,” the Embassy said. One hundred US dollars is the largest US federal reserve note in par value since 1969. They were first issued in 1862.
7. The new $100 note printed in Fort Werth will have a small FW abbreviation in the upper left corner of the face of the note to the right of the 100. If the note does not have the FW mark, it was printed in Washington, D.C.
8. Sheets of paper with uncut $ 100 bills at the Bureau of Engraving and Printing, Fort Worth, Texas, USA, September 24, 2013.
9. At the moment, the US dollar is the most common currency in the world. It even serves as the main currency in a number of countries. There is a total of $1.18 trillion in cash in circulation. Over the past 5 years, the number of dollars in circulation has increased by 42%. And this despite the fact that the volume of cash circulation in the United States is 7% of GDP.
And the most popular banknote is 100-dollar. According to official figures, up to two thirds of hundred dollar bills circulate outside the United States. By the end of 2012, the volume of all printed hundred-dollar bills was 863 billion dollars, that is, there were 8.63 billion banknotes in circulation in denominations of 100 dollars.
In 2010, for the first time in history, more hundred dollar bills were printed than one dollar bills.
The demand for cash dollars is especially high in poor countries or those in crisis or on the brink of crisis.
Keywords: Banknotes | Dollar | Usa
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