News

All about the ‘Benjamins:’ New $100 bills unveiled

All about the ‘Benjamins:’ New $100 bills unveiled

ALL ABOUT THE BENJAMINS: The Federal Reserve has shipped new $100 bills to banks across the country. Photo: Reuters

WASHINGTON (Reuters) – The Federal Reserve began supplying banks on Tuesday with redesigned $100 bills that incorporate advanced anti-counterfeiting features, the U.S. central bank said.

The notes, which retain the image of American statesman and scientist Benjamin Franklin, include two new security features – a blue three-dimensional security ribbon with images of bells and 100s, and a color-changing bell in an inkwell, the Fed said in a statement.

The bills, known as Benjamins, also keep security features from the previous design, such as a watermark.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome Powell said in a statement.

The security features will let users verify the notes’ authenticity more easily, he said.

U.S. officials have said the $100 note is the most frequently counterfeited denomination of U.S. currency outside the United States due to its broad circulation overseas. In the United States, the $20 bill is the most frequently counterfeited note.

Benjamins are the highest-denominated notes issued by the Federal Reserve, since the United States stopped issuing $500, $1,000 and $10,000 notes in 1969.

The new bills have been in development since 2003.

People with old bills do not need to trade them in for new ones since all designs of U.S. currency remain legal tender, the Fed said.

Recently Played

Latest Headlines

in Music

James Brown biopic revels in drama and dance moves

Fresh
This image released by Universal Pictures shows Chadwick Boseman, right, and Dan Aykroyd in a scene from "Get On Up."

Chadwick Boseman nails Brown's singular mannerisms and raspy voice in the new biopic "Get On Up."

in Music

Lady Gaga and Tony Bennett celebrate collaboration with concert

Recording artists Lady Gaga, left, and Tony Bennett, attend a Tony Bennett and Lady Gaga concert taping on Monday, July 28, 2014, in New York.

Lady Gaga and Tony Bennett performed tracks from their jazz collaboration Cheek to Cheek ahead of its long-awaited release.

in Entertainment

Jamie Foxx to portray Mike Tyson in biopic

Actor Jamie Foxx poses for a portrait at the Crosby Street Hotel, in promotion of his upcoming role in "The Amazing Spider-Man 2," on Sunday, April 27, 2014 in New York.

Jamie Foxx is set to portray boxing legend Mike Tyson in a movie after five years of preparation for the role.

in Entertainment

Kiefer Sutherland confused by Freddie Prinze, Jr. blast

Prinze Jr Sutherland

Kiefer Sutherland has been left baffled by former 24 co-star Freddie Prinze, Jr.'s public attack on the star's professionalism.

in Viral Videos

Mini Dominoes break World Record

Mini Dominoes

The challenge gets bigger as the Dominoes get smaller!