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U.S. Treasury Sec. says America’s currency won’t get a “makeover” as quickly as expected.

The backstory about the biggest changes to bills since the 1920s.

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Let’s Go Back…

  • 2014: Pres. Obama mentions a little girl wrote him asking why more women weren’t featured on America’s currency.
  • 2015: Treasury Dept. asks public to submit ideas on redesign to $10; met with some backlash about redesign of bill featuring Alexander Hamilton.
  • 2016: Sec. Jack Lew announces changes for $5, $10 & $20 bills.
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2016: “New Look” Plans

  • $5 = Back of bill to feature historic events/people at Lincoln Memorial (such as MLK Jr.); Pres. Lincoln stays on front of bill.
  • $10 = Back of bill to honor suffragists like Susan B. Anthony; Treasury Sec. Hamilton stays on front of bill.
  • $20 = Front of bill to feature Harriet Tubman; Pres. Andrew Jackson moved to back.
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Fast Forward: Today

“Right now, my decision is focused on security features.”

Treasury Sec. Steven Mnuchin on status of redesigned bills. In 2016, Treasury Sec. Lew said bills should change as "quickly as possible, consistent with security requirements." Sec. Mnuchin says he has "not made a decision to execute on a redesign." The redesign would be the most significant since our current bill design was selected in 1928.
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The U.S. Treasury controls the "look" of our currency: "Unless specified by an Act of Congress, the Secretary generally has the final approval." Although there's more $20 bills in circulation, $10 bills were the next in line for new printing because of counterfeiting.

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