Monday, December 6, 2010

Problem with new $100 bills causes Feds to shut down production

Image: Unveiling Of New Hundred Dollar Bill

As the Feds were printing their latest installment of funny money there was a production glitch.

So what happened? The bills were unusable because of a creasing problem in which paper folds over during production, revealing a blank unlinked portion of the bill face.

“A significant production problem with new high-tech $100 bills has caused government printers to shut down production of the new notes and to quarantine more than one billion of the bills in huge vaults in Fort Worth, Texas and Washington, CNBC has learned.”

And now…

“Officials don’t know how many of the 1.1 billion bills include the flaw, they have to hold them in the massive vaults until they are able to develop a mechanized system that can sort out the usable bills from the defects.”

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