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U.S. Treasury Prints $110 Billion of Unusable Money

http://www.cnbc.com

A significant production problem with new high-tech $100 bills has caused government printers to shut down production of the new notes, which have sophisticated high-tech security features, including a 3-D security strip and a color-shifting image of a bell designed to foil counterfeiters. But the production process is so complex, it has instead foiled the government printers tasked with producing billions of the new notes. An official said 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. As many as 30 percent of the bills rolling off the printing press included the flaw, leading to the production shut down.

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Created by pmfalcon 3 years 30 weeks ago – Made popular 3 years 30 weeks ago
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