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U.S. Currency: Printing of Flawed Redesigned $50 Notes

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Report Type Reports and Testimonies
Report Date Oct. 1, 1997
Report No. T-GGD-98-8
Subject
Summary:

A redesigned $50 dollar note with a new feature to deter counterfeiting was due for introduction in October 1997, but initial printing runs included flawed bills. Treasury Department officials have yet to determine how many of the 217 million bills are defective. This testimony discusses (1) how many of the flawed notes were produced, (2) how the production of the flawed notes came about, (3) what actions are planned in response to this incident and what the costs associated with the notes are, and (4) what lessons have been learned from this experience that could be applied to the future production of redesigned U.S. currency.

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