WASHINGTON: The United States Federal Reserve on Tuesday started circulating a redesigned 100-dollar note with new security features to deter counterfeit, China's Xinhua news agency reported quoting the US central bank as saying.
In addition to traditional safeguards such as a watermark, the redesigned 100-dollar note includes two new security features: a blue three-dimensional security ribbon with images of bells and 100s that appear to move when the note is tilted, and an image of a copper-hued inkwell containing a colour-changing bell.
"If you tilt the note to a 45 degree angle, you'll see the bell change from copper to green, making the bell seems to appear and disappear into the inkwell," Michael Lambert, an associate director of the US Federal Reserve, told Xinhua.
The new design comes primarily for security reasons, said Lambert, adding that the 100-dollar note is the last US currency denomination to be redesigned in the series, as the five-, ten-, twenty- and fifty-dollar notes have been redesigned in the past decade to add security features.
"The new design incorporates security features that make it easier to authenticate, but harder to replicate," US Federal Reserve Board Governor Jerome Powell said in a statement. "As the new note transitions into daily transactions, the user-friendly security features will allow the public to more
easily verify its authenticity."
The Federal Reserve has launched a website newmoney.gov, available in 23 languages, with currency education programs to make the public understand the new security features better.
The redesigned 100-dollar note was originally unveiled in April 2010 and was set to be circulated in February 2011. But some printing problems caused some notes to be creased and unfit for circulation, delaying its debut for over two years.
Although the new 100-dollar notes have been issued by the Federal
Reserve, it will take several days for banks to order them from the Federal Reserve and ship them to branches around the world.
"Distance, demand and the policies of individual financial institutions will be the deciding factors in how quickly redesigned 100-dollar notes reach the public, both in the US and the international markets," said the Federal Reserve.
However, consumers and businesses don't have to rush out and trade in older-design 100-dollar notes for new ones, as "all designs of US currency remain legal tender, regardless of when they were issued," the Federal Reserve noted.
The 100-dollar note is the most widely circulated and most commonly counterfeited denomination outside the United States. The Federal Reserve estimates that between one-half to two-thirds of 100-dollar notes are circulated abroad.-- Bernama