New $100 bills delayed indefinitely no release date in sight

As of September 9, 2011 the US Treasury and Federal Reserve still has now announced the release date for the new United States One-Hundred dollar bills. The new bills were announced April 2010 and slated to be issued February 2011 . The release was delayed due to problems in production and printing of the new bills. They discovered sporadic creeping of the paper during the printing process, causing bill creasing. They printed about $1.1 Billion of the new bills before this problem was discovered. They are hand examining the bills already printed and are finding that most of the bills will be usable when the problem is resolved. To date they still have not found a solution to this problem and are working to find a suitable resolution as soon as possible. The Federal Reserve will make a public announcement at least 6 months before issuing the new $100 to allow merchants and other businesses to prepare for the new bills. To watch a video about this click here . Please visit our web site count-money.com for updates