Disney is celebrating its 100th anniversary this year. Recently, there has been much talk about a new US currency being issued to commemorate the occasion. But there’s a serious reason why Walt Disney’s $100 bill isn’t real.
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For the past few days, news has been circulating that Walt Disney’s portrait will be printed on the US $100 bill. This site picked it up, too, knowing that the story started from a satirical angle (although we are absolutely thrilled with Walt’s idea of an image for US currency). But sadly, the Federal Reserve has no plans to print “Disney” any time soon.
There are several reasons for this, but it’s not for lack of love for mice.
of US Federal Reserve System We redesign our currencies regularly, and for good reason. According to the official website, the Federal Reserve is redesigning the currency from time to time to deter counterfeiters.
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Credit: Investopedia
The Federal Reserve, along with the Department of the Treasury, its Engraving and Printing Office, and partners in the U.S. Secret Service, continuously monitor the threat of counterfeiting of each denomination of U.S. currency and base redesign decisions on these threats. down. An interagency committee makes recommendations on design changes to the Treasury Secretary, who has ultimate authority over the design of the United States’ currency.
After all, it’s the US government. The reserve redesigns the appearance of the currency to add additional security features and make the banknotes more difficult to copy. Listed mega media giant.
Credit: D23
The design of the $100 bill changed in October 1995.
That contemporary-style bill was called the Series 1996 Bill and was issued on March 25, 1996, five months after the new image was released to the public. This was his first major overhaul of his $100 bill since 1929. New security features have been added to banknotes. benjamin franklin On the right is the Optically Variable Ink (OVI), which changes color from green to black at different angles. Many of the security features of the previous bill were also retained.
The latest refurbishment of the $100 bill was first announced in April 2010, but problems with printing the bill took more than three years before the new “Benjamin” went into circulation.
A new currency was released on October 8, 2013. This time, green from the brown quill used to sign the Declaration of Independence, the three-dimensional security ribbon, and copper.
Credit: International Monetary Fund
Not only did the new feature help deter counterfeiters, but it also helped visually impaired people recognize them more easily.
The very important job of printing currency in the United States is done by the Department of the Treasury’s Office of Engraving and Printing. However, the Federal Reserve determines how many bills it prints each year.
Credit: Picos
All this means that Walt’s face won’t be on the $100 bill anytime soon. For one thing, decisions about the look and feel of US currency aren’t made haphazardly. And clearly, the process of redesigning the bill that was necessary to lead Walt to a glorious life while Ben Franklin didn’t spend his $100 bill was several, if not more, into execution. It will take months.
Sorry, Disney fans, and Walt lovers around the world, Mr. Disney won’t be gracing the face of U.S. currency anytime soon, but if anyone deserves such a prominent place, it will. Walter Elias Disney.
