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Banking

New $100 Note Coming in October

new $100 noteBen Franklin is getting a facelift—or at least the bill on which he appears is. A redesigned $100 note will begin circulation on October 8, 2013, the Federal Reserve Board announced in April.

Issuance of the redesigned note—first unveiled in 2010—was delayed as a result of unexpected production issues.

The U.S. government redesigns Federal Reserve notes to stay ahead of counterfeiters. The new $100 note incorporates two advanced security features—a 3-D security ribbon and the Bell in the Inkwell. Both offer a simple, reliable way to verify the note's authenticity. The U.S. Bureau of Engraving and Printing has made more information about the bill's features available online.

Starting October 8, the Reserve Banks will fill orders for $100 notes with the new design. As older designs make their way through the banking system, they will eventually return to the Fed, where they will be removed from circulation.

The new $100 note is the last in a series of redesigns that began with the $20 note in 2003.

April 25, 2013

 

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