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Flawed $100 bills costing government billions

December 6, 2010 6:24:11 PM PST
The government has made a costly error in its effort to make new high-tech, anti-counterfeit $100 bills.

The new bill has a 3D security strip and a color-shifting image, but apparently the paper folded on the press, so $110 billion worth of the new 100s had to be quarantined. According to CNBC, about 30 percent of them have the crease.

The new bills were supposed to be released in February.

Officials say they are hopeful the problem will be fixed and the bills will eventually be cleared for circulation.


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