The Treasury Department and Federal Reserve are ticked off after it was announced this week that the new $100 dollar bills which were set to debut in February were printed with an error. According to news sources:
An official familiar with the situation told CNBC that 1.1 billion of the new bills have been printed, but they are unusable because of a creasing problem in which paper folds over during production, revealing a blank unlinked portion of the bill face.
The total face value of the unusable bills, $110 billion, represents more than ten percent of the entire supply of US currency on the planet, which a government source said is $930 billion in banknotes. For now, the unusable bills are stored in the vaults in “cash packs” of four bundles of 4,000 each, with each pack containing 16,000 bills.
Not good, especially since the new bills are the most expensive currency in U.S. history, costing twice the regular dollar or about .12 cents each to produce. This was a $120 million dollar printing error!
the.LIFE Files says, “We can fix those notes…….”
{ 2 comments… read them below or add one }
This is no laughing matter. You obviously don’t know how the Federal Reserve works. There’s nothing “Federal” about the Federal Reserve its a private for profit corporation. Your taxpayer money is going to pay for the error with interest. Every time the Fed prints money America has to pay them back. Do some research….this site is run by ignorant lil kids.
Hope no jobs are lost.