By Benjamin Goad - 10/08/13 05:55 PM EDT
The Fed, an independent agency that has remained fully operational during the government shutdown, began shipping the new bills to financial institutions, which will soon begin pumping them into circulation.
The latest model retains the likeness of Benjamin Franklin, but brings new security features designed to combat fraud.
The new bills carry a blue 3-D security ribbon with images of bells and 100s that is intended to be difficult to replicate. A bell within an image of an inkwell in the bill’s lower right corner changes color when the note is tilted.
"As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity,” Federal Reserve Board Governor Jerome H. Powell said in a statement issued by the central bank
The Fed, the Treasury, the Bureau of Engraving and Printing, and the Secret Service each had a hand in designing the new notes as part as a governmentwide effort to stay ahead of counterfeiters.
There’s no need to trade in old $100s for the new versions, as all designs of U.S. currency remain legal tender, no matter when they were issued.