Government checking 1.1B new $100 bills for flaws

By: Associated Press
By: Associated Press

Tuesday, December 7, 2010

WASHINGTON (AP) -- The government says it will need to check more than 1 billion new $100 bills because of production problems that have left unwanted creases in many of the bills.

Officials of the Bureau of Engraving and Printing said Monday that they are examining 1.1 billion of the new notes to determine how much of the currency will have to be destroyed.

Darlene Anderson, a spokeswoman for the bureau, says officials believe a large proportion of the new bills will pass inspection and be placed into circulation.

The currency had originally been scheduled to go into circulation on Feb. 10. She said a new date will not be set until the production problems are resolved.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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