Sunday, May 23, 2010

New $100 bill unveiled to thwart high-tech counterfeits


Last month, when the Treasury Department announced that it was revamping the $100 bill yet again to curtail counterfeiters, the Associated Press said that the new design — which employs a new "moving" microprint technology — was "like something straight out of the Hogwarts School of Witchcraft and Wizardry."
To hype the new bill, the Treasury set up a website featuring a clock counting down the hours, minutes, and seconds to its unveiling. That clock just ran down to zero, with Treasury officials unveiling the new bill at a news conference at 10:15 a.m. ET Wednesday. While Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke were on hand for the occasion. Read More

Benjamin Franklin gets a facelift

Washington (CNN) -- Benjamin Franklin gets a facelift as the Treasury Department unveils a new $100 bill Wednesday, the first remake of the denomination since 1996.
The new design for the $100 note made its debut during a 10:30 a.m. ceremony at the Department of the Treasury's Cash Room attended by Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. It is the first redesign of the denomination in 14 years See Story