Posts Tagged ‘$100’

Cash Problems

Tuesday, December 7th, 2010

Uh-oh. Looks like the government has designed the new $100 bills to be too fancy: “The Fed Has a $110 Billion Problem with New Benjamins.”

Key quotes:

1.1 billion of the new bills have been printed, but they are unusable because of a creasing problem in which paper folds over during production, revealing a blank unlinked portion of the bill face.

The total face value of the unusable bills, $110 billion, represents more than ten percent of the entire supply of US currency on the planet, which a government source said is $930 billion in banknotes.

I like to think that the Treasury has created the world’s most counterfeit-proof bill, since 30% of the legit bills are coming out wrong.