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Make Me Smart with Kai and Molly

Episode 136: VC hype vs. Wall Street

Oct 22, 2019

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Brexit déjà vu

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Marketplace Tech

It’s all about the (new) Benjamins: A new $100

Adriene Hill Oct 8, 2013
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If you’re at the casino, or the bank, or withdrawing a large amount of money today — you may notice something different with your money.

The U.S. Treasury Department has printed new $100 bills and the Federal Reserve begins distributing it to banks. The new, more secure bills have been in development for a decade and even had to overcome production problems over the past few years. But the bills are ready now.

The bills feature a number of new security features to thwart counterfeiters, including a 3-D security ribbon with images that move in the opposite direction from the way the bill is being tilted, and a disappearing Liberty Bell in an ink well.

Almost $900 billion in $100 bills are in circulation around the globe, used for both legal and illicit purposes. And the $100 bill has become a much more popular and widely-used piece of currency. For instance, in 1990, $100 bills made up roughly 10 percent of all bills in circulation but by last year that figure was closer to 26 percent. At the same time, the value of $100 bills in circulation went from roughly 52 percent of all currency in 1990, to more than three-quarters of the value of all U.S. currency worldwide.

Rest assured, your old, 2-D $100 bills will still be legal tender — and accepted worldwide.

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

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Personal finance from Marketplace. Where the economy, your personal life and money meet.

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