New $100 bill is arriving at banks today amid a government shutdown. It appears to be several years late and at least 60 percent over budget to boot. According to CNN on Oct. 8, it is two years over due.
New $100 bill is under the Federal Reserve's budget and not subject to government shutdown in effect. New features include a 3-D security ribbon in blue and ink that shifts from green to copper when the note is tilted a certain way. The color shifting ink is used on a large "100" located on the back of the bill and another on the front, plus an image of an inkwell.
The new $100 bill is the most common note in circulation, just being the $1 bill. 75 percent of all US currency in circulation, valued at $1 trillion, is $100 bills and much of it is held outside the country. The new $100 bill replaces the old design, which was introduced in 1996 and is intended to thwart counterfeiting.
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