Last month, the Treasury Department announced that it was revamping the $100 bill yet again to decrease counterfeiters.
To hype up the new bill, the Treasury set up a website (www.newmoney.gov) featuring a clock counting down the hours, minutes, and seconds to its unveiling and today the clock ran down to zero.
Today at 10:15 a.m. ET, Treasury officials unveiled the new bill at a news conference with Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke on hand for the occasion.
The Associated Press said the new design – which employs a new “moving” microprint technology- was “like something straight out of the Hogwarts School of Witchcraft and Wizardry.”
The 1996 redesign of the $100 bill featured watermarks as its chief anti-counterfeiting tool. The new bill goes way beyond that and features a security thread decades in development: the microprinted mobile image that has inspired all the Harry Potter talk.
When the bill is moved side to side, the image on the bill appears to move up and down, and when it's moved up and down, the image appears to move side to side.
The makeover is Treasury’s latest bid to keep a step ahead of counterfeiters.
Click here to view entire article and watch the $100 note unveiling video.
1 comment:
Harry Potter just never goes away. Not that that's a terrible thing...
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