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New $100 Bills to Be Destroyed: 30 Million Notes Suffer Ink 'Mashing' Problem (VIDEO)

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By Jon Campbell , Christian Post Contributor
August 14, 2013|11:29 pm

Thirty million new $100 bills will be destroyed after an ink error was spotted in the huge stash of cash. The error meant that the $100 bills affected were "illegal tender" and would not be able to be put into distribution.

New 0 bills (Photo: Wikimedia Commons/File)

30 million new 0 bills will have to be destroyed due to an ink problem.

The error arose from a printing problem called "mashing," which occurs when an excessive amount of ink is applied to the paper.

A spokesman from the BEP, (Bureau of Engraving and Printing), told the New Yorker: "This time, recent batches of cash from the Washington, D.C., plant contained 'clearly unacceptable' bills intermixed with passable ones, according to a July memo to employees from Larry Felix, the bureau's director."

The New Yorker report also explained that the Fed will now return more than $30 million $100 bills and demand its money back.

Fed officials have reportedly announced that they will not accept any $100 notes made at the Washington, D.C., facility until further notice.

The latest error is just the latest in a series of problems in the federal reserve; another recent error meant that many bills were printed with a black spot on them, and all of those notes also had to be destroyed in that case.

Another incident that took place less than a year ago saw a large shipment of newly printed bills stolen by thieves.

A spokesperson for the BEP has said that they are "investing this issue to determine the root cause. The $100 notes returned to the Bureau of Engraving and Printing had a small proportion of notes affected by mashing, which were included with many, good, quality notes. It's expected only a marginal fraction of the notes will be unacceptable."

 

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