Hi All, A few years back, when the currency was redesigned, I had to purchase another Note Teller. Does anybody know if I will have to buy another Note Teller every time the currency is changed? It could get expensive as the price of a Note Teller is $300. Harvey > ----- Original Message ----- >From: DB Jose <[log in to unmask] >To: [log in to unmask] >Date: Sun, 18 Aug 2002 20:39:38 -0500 >Subject: Fw: [Usher-Friends] US Currency Changes >Saw this on my bank's website. Thought you'd be >interested in knowing. >Kacie Weldy >Usher's II in Indy >------------------------------------------------------------------------- >------- >Joint Press Release Board of Governors of the Federal >Reserve System >Bureau of Engraving and Printing >------------------------------------------------------------------------- >------- >For Immediate Release >June 20, 2002 >U.S. TREASURY AND FEDERAL RESERVE ANNOUNCE PLANS FOR >REDESIGNED NOTES >NexGen notes are latest in series to add >anti-counterfeiting features >In keeping with their strategy of maintaining the >security of Federal Reserve notes by enhancing the >design of U.S. currency every seven to ten years, the >Department of the Treasury's Bureau of Engraving and >Printing (Bureau) and the Federal Reserve Board today >announced plans to release the next generation of >redesigned notes, with improved security features to >deter counterfeiting. >The new design, referred to as NexGen, affects the >$100, $50, and $20 notes. Circulation of the NexGen >series could begin as early as fall 2003 with the >introduction of the redesigned $20 note. The $100 and >$50 notes will follow in twelve to eighteen months. >Consistent with past design changes, the NexGen notes >will remain the same size and use similar portraits >and historical images to maintain an American >appearance. The NexGen designs will include the >introduction of subtle background colors. While color >is not in itself a security feature, the use of color >provides the opportunity to add additional features >that could assist in deterring counterfeiting. The >introduction of additional colors will also help >consumers to identify the different denominations. >The new series will retain current security features, >including watermarks similar to the portrait and >visible when held up to a light, enhanced security >threads that glow under ultraviolet light, >microprinting, and color-shifting ink that changes >color when the note is tilted. >The purpose of the currency redesign is to stay ahead >of advanced computer technologies used for some types >of counterfeiting. According to the U.S. Secret >Service, $47.5 million in counterfeit money entered >into circulation in fiscal year 2001. Of this amount, >39 percent was computer generated, compared with only >0.5 percent in 1995. >The redesign of $10 and $5 notes is still under >consideration, but a redesign of the $2 and $1 notes >is not included in the plans for the NexGen series. >Release of NexGen notes will have no effect on money >already in circulation. These notes will co-circulate >with older series notes. The U.S. government has never >recalled or devalued its currency. >As part of the introduction of NexGen currency, the >Bureau and the Federal Reserve System are planning an >extensive public education effort aimed at informing >target industries - such as financial institutions, >law enforcement, retail and vending industries - and >the general public about the new designs. This effort >will encourage people who use U.S. currency to >familiarize themselves with the redesigned money so >they can easily authenticate currency as genuine. >The first initiative of the public education effort is >already underway. The Bureau is working with >manufacturers of currency-accepting machinery to >expedite the development of software and other >devices, so vending machines and similar equipment >accept NexGen notes. The cooperative effort allows a >smooth transition for vending machine owners, mass >transit agencies, the gaming industry, and other >proprietors that rely on currency-accepting machinery >to conduct business transactions. >The redesigned currency program is a partnership among >the Federal Reserve System, the Department of the >Treasury, the Bureau of Engraving and Printing and the >United States Secret Service. The Secretary of the >Treasury establishes the design and appearance of U.S. >currency. >Information about the previous redesigned 1996 notes >and the history of U.S. currency is available at the >Bureau's website at www.moneyfactory.com. >Federal Reserve Susan Stawick 202-452-2955 >Bureau of Engraving and Printing Dawn Haley >202-874-3545 >------------------------------------------------------------------------- >------- >Home | Press releases >Accessibility >Last update: June 20, 2002 >__________________________________________________ >Do You Yahoo!? >HotJobs - Search Thousands of New Jobs >http://www.hotjobs.com >------------------------ Yahoo! Groups Sponsor ---------------------~-- >4 DVDs Free +s&p Join Now >http://us.click.yahoo.com/pt6YBB/NXiEAA/Ey.GAA/86xolB/TM >---------------------------------------------------------------------~- >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/ >________________________________________________________________ >GET INTERNET ACCESS FROM JUNO! >Juno offers FREE or PREMIUM Internet access for less! >Join Juno today! For your FREE software, visit: >http://dl.www.juno.com/get/web/. >VICUG-L is the Visually Impaired Computer User Group List. >To join or leave the list, send a message to >[log in to unmask] In the body of the message, simply type >"subscribe vicug-l" or "unsubscribe vicug-l" without the quotations. > VICUG-L is archived on the World Wide Web at >http://maelstrom.stjohns.edu/archives/vicug-l.html VICUG-L is the Visually Impaired Computer User Group List. To join or leave the list, send a message to [log in to unmask] In the body of the message, simply type "subscribe vicug-l" or "unsubscribe vicug-l" without the quotations. VICUG-L is archived on the World Wide Web at http://maelstrom.stjohns.edu/archives/vicug-l.html