Regulatory Alerts2013-10-30
Added · Updated
Palestine Monetary Authority Circular 122/2013 on the New US $100 Federal Reserve Note
The Palestine Monetary Authority issued Circular 122/2013 to notify exchange houses and businesses of the Federal Reserve's redesigned $100 note, which introduces a three-dimensional security ribbon and a color-changing bell to combat counterfeiting. The directive requires financial institutions to verify these new security marks while confirming that all older US dollar denominations remain valid legal tender and do not need to be replaced. It further mandates that staff utilize official Federal Reserve authentication resources and maintain strict vigilance against counterfeit currency in daily transactions.
Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
www.pma.ps
NewMoney.gov - Press Release - October 8, 2013
Page 1 of 1
Press Release - October 8, 2013
For Immediate Release
October 8, 2013
Federal Reserve Board Issues Redesigned $100 Note
The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine. Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world.
"The new design incorporates security features that make it easier to authenticate, but harder to replicate," said Federal Reserve Board Governor Jerome H. Powell. "As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity."
The Federal Reserve, U.S. Department of the Treasury, U.S. Bureau of Engraving and Printing, and the U.S. Secret Service partner to redesign Federal Reserve notes to stay ahead of counterfeiting threats.
The redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell. The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note.
Consumers worldwide are advised that it is not necessary to trade in older-design $100 notes for new ones. It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued.
For more information about the new design $100 note, as well as training and educational materials, visit www.newmoney.gov.
For media inquiries, please call 202-452-2955.
http://www.newmoney.gov/newmoney/Print.aspx?id=4294967799
2013/24/10
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