New $100 Bill will circulate from October

On next October 8 United States will carry out the official presentation of the new 100-dollar bill which will have 3D securities, as the Federal Reserve informed.

This entity said that the design of the new bill was approved in 2010, but its release was postponed due to “a delay of unexpected production”.

Currently, the United States currency education program is sharing with companies and consumers around the world  the new design of the bill.

The Embassy of that country in Ecuador, which also has a dollarized economy, indicated that training workshops on the new security features of the currency, will be carried out in coordination with the authorities of the country.

Despite the fact that in Ecuador the 100 dollar bill does not have a mass circulation. Marcos Lopez, former member of the Board of the Central Bank, recalled that the first time the country imported dollars they included bills of $50 and $100. However, those denominations are too high for daily transactions.

In Ecuador, several business premises only accepted bills up to $50, because they fear of counterfeit bills  of $100 as it has happened in the past, machine verification of banknotes is not 100% secure.

The Ecuadorian authorities indicated that they will carry out information campaigns to familiarize citizens with the new bill.