New $100 Bills Unusable

By: NBC
By: NBC

Last spring, government officials announced the roll out of brand new $100 bills with all the high tech bells and whistles.
But it turns out that the fancy new bills weren't so easy to print , and now the treasury department is left with one point one billion brand new bills that it can't use.
The bills are being stored in massive vaults in Washington, D.C. and Fort Worth, Texas, while the experts try to figure out why so many of the bills came off the presses with a paper crease that makes them unusable.
CNBC reports that taxpayers have already spent about $120 million to pay for printing the unusable bills, and experts don't know how much more it will cost to sort the billion bills in storage.
In the meantime, treasury has begun printing the old low tech bills again in order to ensure that there are bills in the banks when americans go to the ATM.
The new design features a blue 3D strip and color changing ink that were supposed to frustrate counterfeiters -- not the government's own pressmen.
Officials say it could take as long as a year to sort out the massive pile of one billion bank notes.
None of the incorrectly printed bills ever made it into circulation.


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