After a new announcement from the United States Federal Reservethere will be $100 bills that will not be accepted in banks and ATMs. What is the reason behind the decision.
FED: 100 dollar bills that will not be accepted
The United States Federal Reserve has announced major changes to the dollar bills in circulation, as part of a broader effort to modernize paper money and increase security measures.
These changes will mainly affect certain denominations that will no longer be accepted in financial establishments starting this year.
Large financial institutions such as Bank of America and Wells Fargo They will no longer accept damaged or mutilated dollar bills. This is part of the implementation of new designs and security features in banknotes, starting with the lowest denominations.
The main objective of this update is to combat counterfeiting, which has evolved with technology. The United States Engraving and Stamp Officein collaboration with the Secret Service, is constantly looking for ways to improve the security of cash, making bills harder to replicate while also being more durable and easier to authenticate.
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Dollars: what are the new security features?
The new banknotes will incorporate several advanced measures to prevent counterfeiting, such as:
- Security thread in 3D: A thread that changes color when the bill is tilted, making it difficult to counterfeit.
- Variable color ink: The number that indicates the value of the bill changes color depending on the angle from which it is viewed.
- Microprinting: Tiny letters printed on the bill, almost impossible to see with the naked eye, but which make it difficult to counterfeit.
- Tactile relief: Areas of the bill that have a distinctive texture so that they can be identified by touch.
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Dollars: when will the bills be renewed?
The renewal of banknotes of other denominations will follow a gradual schedule in the coming years:
- $50 bill: It will be renewed in 2028.
- $20 bill: It will be ready by 2030.
- $5 bill: Its renovation will take place between 2032 and 2035.
- $100 bill: It is expected to be updated between 2034 and 2038.
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What will happen to the old bills?
Although some dollar bills will no longer be accepted at some banks and ATMs if they are in poor condition, they will still be considered legal tender. Consumers will be able to exchange them for new bills at the Federal Reserve. It is recommended that users exchange damaged or mutilated banknotes to avoid future inconveniences.
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