Posts Tagged ‘currency’

currency posts
The future of money

The future of money

  The planet Earth has seen its share of crises, from natural disasters to full out war. But among the most frightening are the disasters of the financial sort. Back in 1994, the Tequila Crisis in Mexico brought the peso up from 4 to 7.2 to $1 in just one week, and later in the decade Thailand reached its lowest point of 56 Bahts to $1. So what happens when things like this strike? Exhange rates suffer and the value of local currency goes way down virtually shunting millions of people into poverty in a matter of hours. Even just a few years ago in 2008, Zimbabwe suffered the worst inflation crisis in…

Benjamin Franklin is Cracking Down on Counterfeiting

Benjamin Franklin is Cracking Down on Counterfeiting

It seems to be a lot easier to copy and counterfeit currency nowadays and there are constant concerns about using or being given a fake bill. The U.S Department of Treasury has recently refreshed the $100 bill, in an attempt to curb the counterfeiting epidemic that has taken over in the last few years. The new $100 bill was designed with a tighter security feature called Motion -  there are over 650,000 embedded micro-lenses which allow images to shift when the thin bill is moved. There is a blue 3D security ribbon on the front of the bill and when it is moved, the hidden images of bells and 100s switch…

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