“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
(Visited 27 times, 1 visits today)
Related posts:
Guantanamo camp burns through $900,000 a year per inmate
Police Shoot & Kill Grandfather While Responding To False Burglar Alarm
$350 million NASA project completed, then mothballed
The Woes of an American Drone Operator
Police Officers Selling Freedom for Cash
The TSA is keeping a secret watchlist of customers who assert their rights
Kentwood police chief pleads not guilty to stealing burglary proceeds
Bitcoin start-up nabs Goldman board member
Homeland Security must disclose ‘Internet Kill Switch,’ court rules
A war the Pentagon doesn’t want
Global mercury ban would not affect vaccines with thimerosal
Don't Expect Bitcoin to Die Off Anytime Soon
U.S. developed ‘tsunami bomb’ during World War II
Group aims to give out free shotguns in 15 cities
India Central Bank warns against Bitcoin use