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All Posts Tagged With: "Bureau Of Engraving and Printing"

U.S. Government to Unveil New $100 Note Design on April 21

The new design for the $100 note will make its debut on Wednesday, April 21 during a ceremony at the Department of the Treasury’s Cash Room. The U.S. government redesigns currency in order to stay ahead of counterfeiters and protect the public.

Decisions about the redesign of each denomination are guided by the government’s close evaluation of the range of ongoing counterfeit threats, whether from digital technology or traditional printing presses.

The ceremony in Washington, D.C., will be held at 10:00 a.m. U.S. EDT and will feature:

Secretary of the Treasury Timothy Geithner

Chairman of the Board of Governors of the Federal Reserve System Ben Bernanke

Treasurer of the United States Rosie Rios

Director of the United States Secret Service Mark Sullivan

When the new note begins circulating, it will be important for people to know that it is not necessary to trade in old-design notes for new ones. All U.S. currency remains legal tender, regardless of when it was issued.

The unveiling of the $100 note is the first step in a global multi-government agency public education program implemented by the Department of the Treasury, the Federal Reserve Board and the U.S. Secret Service, to educate those who use the $100 note about its changes before it begins circulating.

The $100 note is the highest value denomination of U.S. currency in general circulation, with up to two-thirds of $100 notes held outside the United States. (more…)