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New $100 bills
The Federal Reserve announced this week that the US government on October 8 will begin releasing new $100 bills that contain several new high-tech security features designed to thwart counterfeiting.
The new bills were originally scheduled to hit the streets on February 11, 2011, but a major glitch caused creases and blank areas in many bills, making them unusable.
The total cost of printing the bills is estimated at $120 million — not including the re-sorting costs. The damaged money will have to be destroyed. No wonder Ben Franklin isn't smiling.
Here's a look at the new $100 bills and the security features embedded in them.