Tuesday, April 27, 2010
Ben Bernanke announces the new 100
This is Ben Bernanke's statement about the release of the new $100 bill on Feb. 10, 2011. It will have lots of new security features like the other newer bills do to keep confidence in our currency and central bank and to keep ahead of counterfeiters.
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Didn't they just make new 100 bills?
ReplyDeleteI wonder what the new security features will be.
ReplyDeleteI think the main purpose is to deal with counterfeit. It may take times before new $ bill totally replace the old. But is there any real effect on the value of the currency or the exchange rate?
ReplyDeleteIt shouldn't have any effect at all because the money supply is not changing, old bills are just being replaced with new ones.
ReplyDeleteWait, it can have effect with demand for money (the L(r;Y) ). Demand for money rises as a result of less fraud paper money. The curve shift right and without any change in real money balance (M/P), the interest tend to rise. That's my hypothesis.
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