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In order to fight counterfeiting, US government is introducing the new $100 banknote. The new bills will have many high tech features, and will go into circulation in February of 2011.
$100 bills are more popular abroad than in the United States, with approximately 2/3 being circulated outside the U.S. Various criminal and terrorist groups are financing their operations by counterfeiting US banknotes, especially large denominations. As an ongoing measure to thwart counterfeiting, the U.S. government redesigns U.S. dollar bills every 7 to 10 years. The older denominations are never completely removed from circulation, but rather are gradually phased out.
Since many countries, especially those with weak economies, depend on U.S. dollar for the stability of their financial city, the issue of U.S. currency security has a truly international importance. Whereas in some countries with hyperinflation, such as Zimbabwe, prices are denominated in U.S. dollars, and American dollar is in circulation on par with local currency, countries such as Ecuador and Panama have adopted U.S. dollar as their official currency.
The new $100 banknote will feature a 3-dimension security ribbon, shifting colors, and additional security inscription in different parts of the banknote. More information about the new banknote may be obtained at http://www.newmoney.gov/<< Back to blog list
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