By: Sunita Trivedi, P&G Associates Staff Auditor
Have you ever went to a Bank, handed the teller a $100 bill, and notice him/her carefully examining it? Have you ever had the employee at the gas station refuse to take your $100 bill? Nowadays, everyone is skeptical about receiving currency from an outside source other than a financial institution due to the circulation of counterfeit money. So, to stay ahead of and to lower counterfeit money, the government redesigned the $100 bill. The Federal Reserve supplied financial institutions with the new $100 bill on October 8, 2013. The new bill will be “easier to authenticate, however, it will be harder to replicate” with the new security features.
Do you know the security features of the new $100 bill? There are two new security features: 3-D Security Ribbon and the color changing bell in an inkwell. The Security Ribbon is woven into the bill, and it changes from bells to 100s when shifting the bill from side to side. The color changing bell in an inkwell, located on the right side of the bill, changes from copper to green.
There are other security enhancements on the $100 bills, such as the portrait watermark, security thread, color-shifting 100, raised printing, large gold 100, micro-printing, and FW indicator.
Take a few minutes to examine a new $100 bill to see if you can recognize all the security features mentioned above. If you know your currency, you will have a better chance of protecting yourself from encountering counterfeit money.
For more information, visit www. newmoney.gov.
The OnCourse writing staff work to keep you informed about the most pertinent financial industry news of the moment