April 24 (Bloomberg) -- The new $100 bill, redesigned with security features such as a blue, three-dimensional security ribbon, will begin circulating Oct. 8, according to the Federal Reserve.
The new bill “will be easier for the public to authenticate but more difficult for counterfeiters to replicate,” the Fed said in a release today in Washington. New bills are produced by the Bureau of Engraving and Printing and distributed through the financial system by the Fed.
The design of the bill, which can be seen at the website newmoney.gov, was unveiled in 2010. Due to a malfunction in the printing process, the release of the bills was delayed. As of April 17, currency in circulation totaled $1.18 trillion according to Fed data.
The central bank’s currency education program “is reaching out to businesses and consumers around the world to raise awareness about the new design and inform them about how to use its security features.”
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