WASHINGTON (10/8/13)--The Federal Reserve begins circulating its new $100 bill today, with security features designed to thwart forgery.
The bill has a blue three-dimensional ribbon and holographic imagery less likely to be replicated by counterfeiters than previous versions.
In April, Fed officials accurately predicted that the bill would be released today (News Now April 25).
The new note has been under development for over a decade, and its release had been delayed by the Federal Reserve for two and a half years. Four months before its originally scheduled February 2011 debut, the Fed delayed introducing the note into the money supply, blaming a printing malfunction that caused some bills to be creased and unable to be circulated. In 2012, the Treasury Department's inspector general said that printing problems could have been avoided.
The $100 bill is one of the U.S.'s largest exports. The Federal Reserve estimates that between one-half and two-thirds of the notes in circulation are abroad.