The Federal Reserve has concluded that the new run of high-tech $100 bills was improperly printed and is now trying to figure out what to do about it. Besides having difficulty managing the economy, it now appears that the government can’t even print money properly.
The $100 bill represents about 10% of all existing cash in the U.S. and is the most widely counterfeited denomination outside the country. The new bills include a 3-D ribbon that’s tough for counterfeiters to reproduce.
Officials say that they are looking for ways to separate the good bills from the bad ones, which contain blank spaces from creases that occurred during printing. In order to compensate for the botched bills, the Federal Reserve has gone back to printing the old version.
As usual, officials are patting themselves on the back for finding the flaw that they created. A Fed official was quoted as saying “It’s not as simple as, ‘Oh there is the problem.’ Finding it at all was quite monumental.”