Billions of redesigned $100 bills with anti-counterfeit features began to be distributed by the Federal Reserve on the banks on Tuesday as the U.S. central bank declared.
The Fed declared in a statement that the $100 includes two new security features which are a blue three- dimensional security ribbon with image of bells and a color –changing bell in an inkwell, in addition it retains the image of American statement and scientist Benjamin Franklin.
The $100 bills keeps the same security features of the old one such as a watermark and it is the most domination known in U.S.A which is named Benjamins.
The federal Reserve Board Governor Jerome Powell mentioned in a statement about the new $100 Bills saying that the new $100 Bills have new security features that make it harder to replicate and easier to authenticate.
It is note that $100 notes are the most frequently counterfeited currency outside the United States and this is because of its board circulation overseas, as U.S. officials said. But inside United States, the $20 bill is more counterfeited note than $100 one.
There are 3.5 billion of new $100 bills which had been stockpiled, and there are $900 billion of it in circulation as the program manager for U.S. currency education at the Fed Sonja Danburg declared about.
She added that there are $1.15 trillion in genuine currency in circulation in the United States.
As we know that the Federal Reserve issued the highest –denominated notes which is the Benjamins, and the Fed has stopped from issued $1000, $500 and $10,000 since 1969.
The new notes cost 5 cents more than the old one according the great complexity of the design so it costs about 12.5 cents each to make.