CNBC is reporting that printing of the new high-tech, ultra-secure $100 bills has been halted
due to production problems.
More than one billion of the new C-notes are in storage and are unusable, according to the story, which cites “an official familiar with the situation.”
Apparently some of the new high-tech security features intended to baffle counterfeiters are the culprit.
“There is something drastically wrong here,” a source told CNBC. “The frustration level is off the charts.”
The government did something wrong and it cost taxpayers millions — what a surprise.
Read the full CNBC story: The Fed Has a $110 Billion Problem with New Benjamins