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Fed Boss: Tough Task to Outsmart Counterfeiters

Wednesday, 21 Apr 2010 01:29 PM

Federal Reserve Chairman Ben Bernanke says it's a challenge for the government to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas.

Bernanke's brief remarks come at the unveiling of a redesigned $100 bill. The government hopes the new bills will make it harder for high-tech counterfeiters to knockoff.

The Fed chief says: Staying ahead of bogus bills is a job that has become "more complex in recent years as technology advances and U.S. dollar flows expand and increase." He says as many as two-thirds of all $100 bills circulate outside the United States.

The new bills goes into circulation on Feb. 10, 2011.

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Economy
Federal Reserve Chairman Ben Bernanke says it's a challenge for the government to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas.Bernanke's brief remarks come at the unveiling of a redesigned $100 bill. The government...
US,Bernanke,Money,Makeover
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2010-29-21
Wednesday, 21 Apr 2010 01:29 PM
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