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Detailed text transcripts for TV channel - CNN - 20101207:12:36:00

The $100 bill is the most counterfeited bill there is. it is also the bill in widest circulation outside of this country. it is the currency of this country, the $100 bill. i personally don t have any in my pocket. it is the old version that the fed has ordered more of to make up for the fact we don t have this new bill out in february. it s 1.1 billion bills in storage in ft. worth, texas, we re told. there s a creasing problem on this new high-tech bill, a bill meant to be so complicated that it would foil those counterfeiters. instead, it sort of foiled us. and now the february 2011 let lease date is in question here. the treasury secretary, tim thit goo timothy geithner s signature on it. and these are delivered right to the fed and the fed, of course, puts them into circulation. ....

1 Billion , Creasing Problem , Treasury Secretary , Tim Thit , February 2011 , Timothy Geithner ,

Detailed text transcripts for TV channel - CNN - 20101207:11:33:00

Engraving printing found a problem. problem that means they have to stay under lock and key while the treasury decides what to do. here s what it looks like. $1.1 billion bills now in storage, it s unclear if this is a paper problem or a printing problem. do you know the company has produced all the paper for the u.s. bills since for more than 100 years? interesting. the stationery company? yeah. the release date now in jeopardy. the fed ordered the printer to make more of the old bills so you can have as many benjamins you want in your pocket. i don t carry a lot of $100 bills with me, but this is the most circulated bill in the world. this is the one the counterfeiters love to try to tackle. what s the creasing problem? some kind of a creasing problem, where you can see the paper creased and one of the security ribbons is not intact properly. there are so many of these bills in storage, now they have to go through and try to figure out ....

Engraving Printing , 1 Billion , 1 Billion , Employee Upstart Company , Paper Problem , Printing Problem , Creasing Problem , Security Ribbons ,