News

All about the ‘Benjamins:’ New $100 bills unveiled

All about the ‘Benjamins:’ New $100 bills unveiled

ALL ABOUT THE BENJAMINS: The Federal Reserve has shipped new $100 bills to banks across the country. Photo: Reuters

WASHINGTON (Reuters) – The Federal Reserve began supplying banks on Tuesday with redesigned $100 bills that incorporate advanced anti-counterfeiting features, the U.S. central bank said.

The notes, which retain the image of American statesman and scientist Benjamin Franklin, include two new security features – a blue three-dimensional security ribbon with images of bells and 100s, and a color-changing bell in an inkwell, the Fed said in a statement.

The bills, known as Benjamins, also keep security features from the previous design, such as a watermark.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome Powell said in a statement.

The security features will let users verify the notes’ authenticity more easily, he said.

U.S. officials have said the $100 note is the most frequently counterfeited denomination of U.S. currency outside the United States due to its broad circulation overseas. In the United States, the $20 bill is the most frequently counterfeited note.

Benjamins are the highest-denominated notes issued by the Federal Reserve, since the United States stopped issuing $500, $1,000 and $10,000 notes in 1969.

The new bills have been in development since 2003.

People with old bills do not need to trade them in for new ones since all designs of U.S. currency remain legal tender, the Fed said.

Recent Headlines

in National

Federal appeals court delivers serious setback to Obamacare

Fresh
obamacare

A U.S. appeals court threw out a federal regulation that implements key subsidies that are vital to the health care overhaul.

in Sports

Cavs plan to sign No. 1 draft pick Wiggins

Fresh
wiggins

The delay in signing the rookie shooting guard is reportedly not related to speculation the team may trade him to the Minnesota Timberwolves for Kevin Love.

in Sports

Eagles’ Johnson faces assault charge for allegedly pushing officer

eagles

The Philadelphia player was arrested in Arizona over the weekend.

in Sports

Tuesday’s Sports Minute

nationals

A look at the sports news making headlines today, Tuesday, July 22.

in National

Judge dismisses Republican lawsuit over Obamacare

obamacare

A federal judge has thrown out a U.S. Senator's legal challenge to a part of the law that grants insurance subsidies for members of Congress.