New $100 bills revealed in South Florida
DORAL, Fla. (WSVN) -- The local Federal Reserve held a news conference Tuesday to offer a preview of the new and improved $100 bills that are rolling off the presses and headed to banks.
"The most sophisticated U.S. bank note ever released into circulation," said Paul Graham, assistant vice president at the Federal Reserve. "We consider this note to be very easy to use and very hard to counterfeit."
Sandy Juarez, management director at the Federal Reserve Bank of Atlanta, spoke about the new bill's security features. "There are two new security features on the new $100 note, very advanced features that are easy to authenticate, so it's very easy for the public to verify that a note is genuine," said Sandy Juarez of the Federal Reserve. "The first is the 3D ribbon. It has images of 100s and bells that are in 3D and that move when you tilt the note either up and down or side to side. "The second feature is the bell in the inkwell, which appears and disappears depending on the angle at which you hold the note, so there is a green bell in the copper inkwell that shifts colors and appears and disappears."
The idea behind the new $100 bill is to make them harder to counterfeit. "We feel like the security features that we have currently in U.S. note design is doing a very good job of preventing counterfeits," said Graham. "As technology increases so do counterfeiters, so our redesign process is to stay ahead of the counterfeiters, and we think introducing this will keep them running for some time to come."
So, as of today, the old $100 bills can be exchanged for the new ones, even though the old bills are still considered legal. "This note has had a decade of research, development and production behind it, and again today we are very proud to release it into circulation," said Graham.
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