$100 bills to get makeover with disappearing Liberty Bell

Last month, when the Treasury Department announced that it was revamping the $100 bill yet again to curtail counterfeiters, the Associated Press said that the new design — which employs a new "moving" microprint technology — was "like something straight out of the Hogwarts School of Witchcraft and Wizardry."
To hype the new bill, the Treasury set up a website featuring a clock counting down the hours, minutes, and seconds to its unveiling. That clock just ran down to zero, with Treasury officials unveiling the new bill at a news conference at 10:15 a.m. ET Wednesday. While Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke were on hand for the occasion. Read More

Treasury unveils new $100 bill

Washington (CNN) -- Benjamin Franklin gets a facelift as the Treasury Department unveils a new $100 bill Wednesday, the first remake of the denomination since 1996.
The new design for the $100 note made its debut during a 10:30 a.m. ceremony at the Department of the Treasury's Cash Room attended by Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke.
"The $100 note is the highest value denomination of U.S. currency in general circulation, and it circulates broadly around the world," according to a statement from the Bureau of Engraving and Printing. The denomination is popular when large amounts of cash need to be carried internationally.
Anti-counterfeiting measures are the main reason the United States has been making changes in currency. Read entire Story

US: currency valuation will be raised with China at summit next week, Treasury Department says

5/19/2010
WASHINGTON - The U.S. Treasury Department's senior co-ordinator for China affairs says the United States will raise what it considers China's undervalued currency at strategic China-U.S. talks next week. He is giving no indication of when China might move to strengthen its yuan.
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