The Bureau of Engraving and Printing misprinted 30 million hundred-dollar bills, costing taxpayers more to correct the butchered paper money.
The Federal Reserve has been working on producing new one-hundred-dollar bills. These new bills will feature a color-changing Liberty Bell, a new hidden message, and small 3-D hologram images, according to The New Yorker.
On Tuesday it was discovered that the Federal Reserve had hit a slight bump in their plans to bring the new bills into circulation, 30 million bumps to be exact.
The misprint, known as “mashing,” occurs when the bills are made with too much ink, causing the lines to be blurry. Darlene Anderson, a spokesperson for the Bureau of Engraving and Printing told The New Yorker that such errors are rare; however, it was reported that the new bill was meant to be released in 2011, but was delayed due to a printing error.
The misprint, which occurred in Washington D.C., has created added pressure on the Bureau’s facility in Texas, as the Federal Reserve now refuses to accept any bills made in Washington, leaving Texas alone to meet the October 8 deadline.
As a result of the misprint, all of the bills must be carefully inspected for errors, and millions of bills are expected to need reprinting, meaning a higher cost to the Bureau and the taxpayers. According to The New Yorker, taxpayers foot the bill to inspect, change, create, transport and dispose of any of the bills.
– Olivia Truffaut-Wong
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