By Casey Frye, CCNN Writer
The Federal Reserve, which is the central bank of the United States, likes to make sure people aren’t copying money with counterfeit (fake) versions. Otherwise, cash loses its value. After all, if everyone had a million dollars, then items would just cost a lot more.
Now, 100 years after the first $100 bill was issued in 1914, they have received a high-security makeover that’ll make it much harder for counterfeiters (people who print fake money) to get away with their crimes. On October 8, the shiny new Benjamins became available!
“The $100 is the highest value denomination that we issue, and it circulates broadly around the world,” said Michael Lambert, the assistant director for cash at the Federal Reserve. “Therefore, we took the necessary time to develop advanced security features that are easy for the public to use in everyday transactions, but difficult for counterfeiters to replicate.”
What about Benjamin Franklin’s face on the bill? Will the master inventor start twirling a fine mustache or sport a lovely French beret to cover that thinning hair? Nope! The image of America’s Founding Father will be left alone for the most part. He will, however, have a bit more texture on his collar and part of the Declaration of Independence will be added to good old Franklin’s shoulder.
The director of the Treasury’s bureau of engraving and printing, Larry R. Felix, explains, “The advanced security features we’ve included in the new $100 note will hinder potential counterfeiters from producing high-quality fakes that can deceive consumers and merchants. Protect yourself — it only takes a few seconds to check the new $100 note and know it’s real.”
Images courtesy of www.newmoney.gov.