Wednesday, April 21, 2010

Mo' new money comin' up!

Government goes high-tech to redesign $100 bills

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WASHINGTON (AP) — The folks who print America’s money have designed a high-tech makeover of the $100 bill. It’s part of an effort to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas, Federal Reserve Chairman Ben Bernanke says.

The makeover, unveiled Wednesday by Bernanke and Treasury Secretary Timothy Geithner, may leave people wondering if there’s magic involved.

Benjamin Franklin is still on the C-note. But he has been joined by a disappearing Liberty Bell in an inkwell and a bright blue security ribbon composed of thousands of tiny lenses that magnify objects in mysterious ways. Move the bill, and the objects move in a different direction.

The new currency will not go into circulation until Feb. 10 of next year.

That will give the government time to educate the public in the United States and around the world about the changes.

Read more here.