Current Events Blog for Mrs. Countryman's AP United States History class at Booker T Washington High School for the Performing and Visual Arts in Dallas, Texas.
Monday, October 7, 2013
Suede Lacy-MONEY, MONEY, MONEY!!!!!
New $100 bills start circulating Tuesday
WASHINGTON (AP) - The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming out party on Tuesday, partial government shutdown or not.
The Federal Reserve, which has not been affected by the shutdown, will have armored trucks rolling from its regional banks around the country headed to banks, savings and loans and other financial institutions with the new C-notes.
The bills took more than a decade to develop and the introduction was plagued by production problems that set back the rollout by 2½ years. But officials say the problems have now been fixed.
Some bank customers could start seeing the new bills by Tuesday afternoon depending on how close their bank is to a regional Fed facility.
"We have 3.5 billion of these notes which we think will be more than ample to meet domestic and international demands," said Sonja Danburg, program manager for U.S. currency education at the Fed.
The bill redesign, the first for the $100 bill since March 1996, will still have Benjamin Franklin on the front and Philadelphia's Independence Hall on the back. It will also have a number of new features that will definitely turn heads.
http://money.msn.com/business-news/article.aspx?feed=AP&date=20131007&id=16973640>1=33009&ocid=ansmony11&stay=1
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