Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

A Blunder At The Money Factory

Wednesday, August 14, 2013 - 9:12 AM
Taxpayers will have to pay to inspect, correct, produce, transport, and secure all the additional money that will replace the botched notes. Disposing of the bad bills? That’s on taxpayers, too, as are the additional hours spent making up for the mistake by employees of the bureau.

A Blunder at the Money Factory : The New Yorker

 
6
ShorebreakShorebreak2,372 posts since
Apr 6, 2010
Rep Points: 12,661
1. Wednesday, August 14, 2013 - 4:58 PM
Ok, I don't have time to read the entire article so can someone who did tell me what this means.  Do we have to exchange all of our  personal batch of hundred dollar bills for these new ones??  What happens to them?  Are they still worth $100?  How soon do we have to turn them in if we have to?  Thanks for any info.
3
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,096
2. Wednesday, August 14, 2013 - 5:08 PM
Re: paoli2 @ 1. Wednesday, August 14, 2013 - 4:58 PM

You are directed to turn them all in to Shorebreak in exchange for $1.00 bills. Immediately if possible. Thank you for your inquiry. :-)
4
ShorebreakShorebreak2,372 posts since
Apr 6, 2010
Rep Points: 12,661
3. Wednesday, August 14, 2013 - 5:48 PM
Re:  Shorebreak:   What do you think I am dumb?  I know they are worth at least $2.00!  I need to call my local bank and find out how much they will give me for them now.  Good thing when I made my withdrawal last week I made them give me all $50.00 and $20.00 bills.  Maybe they know I know now or that I am psychic.  Thanks for keeping me in the loop, SB.  I can always depend upon you to give me indigestion or quicken my knowledge.  I prefere the second.
3
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,096
Reply