Be on the lookout for a bold new Benjamin at your bank this fall.
The Federal Reserve Board announced this week it will begin circulating colorful new $100 notes, starting Oct. 8, 2013. The new design was actually unveiled in 2010, but it took longer than expected to produce enough of it to begin circulation, according to a press release.
The new note has a number of fancy new anti-counterfeit features, including a "3-D security ribbon" with images that change from bells to 100s as you move the bill, as well as a color-shifting image of a bell inside an inkwell and a faint watermark of Benjamin Franklin, the Founding Father and former governor of Pennsylvania himself.
Because the average person doesn't see too many $100 bills on a day-to-day basis, they might assume there are relatively few made. But $100s are actually the second most common bill out there, with 8.6 billion in circulation (the most common is $1 bills, naturally).
They're also popular overseas. In 2007, the Federal Reserve Board estimated that 50 percent of dollars were in circulation outside U.S. shores, which may be why the website announcing the new $100 bill can be translated into 23 different languages.
(h/t to Matt Phillips at Quartz for the Fed data.)
Are you aching to get your hands on the new $100 bill? What do you think of the new look?
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