WASHINGTON (MNI) – The following is an excerpt from the joint
statement by the U.S. Treasury and the Federal Reserve Wednesday
unveiling a new design for the $100 note:
Officials from the U.S. Department of the Treasury, the Board of
Governors of the Federal Reserve System and the United States Secret
Service today unveiled the new design for the $100 note. Complete with
advanced technology to combat counterfeiting, the new design for the
$100 note retains the traditional look of U.S. currency.
“As with previous U.S. currency redesigns, this note incorporates
the best technology available to ensure we’re staying ahead of
counterfeiters,” said Secretary of the Treasury Tim Geithner.
“When the new design $100 note is issued on February 10, 2011, the
approximately 6.5 billion older design $100s already in circulation will
remain legal tender,” said Chairman of the Federal Reserve Board Ben S.
Bernanke. “U.S. currency users should know they will not have to trade
in their older design $100 notes when the new ones begin circulating.”
—
The new design for the $100 note retains three effective security
features from the previous design: the portrait watermark of Benjamin
Franklin, the security thread, and the color-shifting numeral 100.
—
Bernanke:
A” sound currency is the bedrock of a sound economy. Therefore, the
United States government must stay ahead of counterfeiters and protect
the integrity of our currency.”
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MGU$$$,M$$FX$,MMUFE$]
