Daily News Article - August 29, 2007
1. Why is the U.S. Bureau of Engraving and Printing redesigning the $100 bill?
2. Describe the changes that will be made to the $100 bill.
3. When will the $100 bill go into circulation?
4. Most currencies had major redesigns starting in 2003.
a) Between what years was U.S. currency virtually unchanged?
b) Why has it taken so much longer to redesign the $100 bill?
5. What percent of U.S. currency in circulation is made up of $100 bills?
6. What changes made to the $10, $20 and $50 will be added to the $100 bill redesign?
7. Originally, there were no plans to redesign the $5 bill. Why was the decision changed?
8. How much counterfeit U.S. currency was detected in 2006?
9. How does the Bureau of Engraving and Printing plan to stay ahead of the counterfeiters?
10. Why will the $1 bill not be redesigned?
11. From paragraphs 29-30: "The new printing presses can vary the size of the bills being printed. That is something the American Council for the Blind is urging the government to consider as a way of helping the visually impaired distinguish between different denominations of currency. No decision has been made on such a change. The government is appealing a federal court ruling that could force such a redesign."
For what reasons do you think the government is appealing a federal court ruling that could force such a redesign?
CHALLENGE QUESTION:
The U.S. has formally accused the government of which country of counterfeiting millions of dollars of high-quality currency? (Scroll down to the bottom of this page for the answer.)