US introduces new $100 bill to Nigerians

By The Citizen

The United States government yesterday officially introduced the new American $100 bill to Nigeria.

Speaking at the United States Consulate, Lagos, its acting Consul General, Dehab Ghebread said the new $100 came into use in the United States of America (USA) on October 8 but that it became necessary for users of the currency in the international community to be educated on its unique features.

According to the US Federal Reserve, the redesigned $100 note incorporates new security features meant to deter counterfeiting and help businesses and consumers tell whether a note is genuine.

'The new designed note incorporates security features that make it easy to authenticate, but harder to replicate,' said Federal Reserve Board Governor, Jerome H. Powell. 'As the new note transitions into daily transactions, the user - friendly security features will allow the public to more easily verify its authenticity,' he added.

Ghebread said the Federal Reserve, US Department of the Treasury, US Bureau of Engraving and Printing and US Secret Service partnered to redesign Federal Reserve notes to stay ahead of counterfeiting threats. - The Nation.