New $100 bill costs 60% more to produce

“The C-note just got a colorful makeover — and a heftier price tag.  The revamped $100 bill costs 12.5 cents to produce — a 60% increase over the 7.8 cents it cost to print the older version of the bill. The government has printed 3.5 billion of the new $100 bills, which it began delivering to financial institutions Tuesday. How soon customers will see the new bills depends on their distance from a regional Fed office, demand, and a few other factors.  Among the reasons it’s more expensive than the older currency: Its new security features, which help prevent counterfeiting.”

http://www.marketwatch.com/story/new-100-bill-costs-60-more-to-produce-2013-10-08

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