Saturday, August 5, 2017

The Printing Of New Notes

By Alxa Roffel


100$ note is currently the largest denomination of United States currency. It has the picture of an renowned or well-known person, sir Benjamin Franklin, who is one among the founding fathers of the United States of America. One the corresponding side of the Bill, one can find the image of the Independence Hall.

After the retirement of the denominations of 500$, 1000$, 5000$ and 10000$, the 100$ bill is the largest existing denomination in the US currency, being printed since the July of late 70s. Studies conducted by Bureau of E&P suggests that an average life of a 100$ bill once released has a circulation of period of 90 months and then it gets replaced due to wear and tear.

As found the new 100$ notes circulated in the country is rightfully the most advanced and technologically updated bills that the country has produced up till now. The use of a blue colour ribbon was made to ensure that it becomes easier for people to differentiate between the fake and the originals.

Likewise the newly notes released comprises of new high-tech features, which definitely made it easier for the people of the country to differentiate between the original and the counterfeit notes. Moreover, the new features also made it difficult for the people creating counterfeit notes to replicate it.

Despite of the fact that the newly created currency notes did cost a bit higher as compared to the old notes, however the notes had more circulating period and thus it was profitable for the long run. This was also beneficial in other sense, as the 100$ notes were something that was very often counterfeited in comparison to other currency notes in the country. Some counterfeiters were able to create such quality of counterfeit notes that were impossible to detect as fakes, considered as fake notes. However with the availability of the new security features in the notes, it becomes very difficult to replicate them.

Also there was no problem in getting rid of the old stack as they still went on to be legal, but after the announcement of the new redesigned notes, the old notes that were collected by the Federal Reserve were destroyed and replaced. This was done to avoid any kind of confusion with the notes in the ATMs. The security feature introduced in the notes consisted of the following.

A security feature is also put in the copper bell in the inkwell, as you tilt the note the bell change from copper to green. This also gives an effect, which showcases that the bell seems to appear and disappear in the inkwell. It also has a micro printing on the note as an added security feature.

As you look at the note carefully, you can find small printed words that appear on the collar of Benjamin Franklin, also present in the blank space where the watermark appears, at the golden quill and also present in the borders of the note. Lastly, the colour shifting of 100, as you tilt the note to view the numeral 100 in the bottom right corner, you can see the colour shifting from copper to green.




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