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Current Category : News :
U.S. Treasury will introduce a new 10-dollar bill
October 15, 2007
Much like the redesigned $20 and $50 notes that have been issued over the last two years, the $10 denomination will be the next note slated for a make-over by the Treasury's Bureau of Engraving and Printing (BEP). The newly designed $10 note is scheduled to be issued by the Federal Reserve in early 2006.
Similar to the new $20 and $50 notes' designs, the updated $10 note will feature enhanced security features, subtle background colors and American symbols of freedom. The new design of the $10 note is scheduled to be unveiled in late 2005.
The BEP has begun working with cash-handling equipment manufacturers to prepare that industry for the note's new design. This advance information allows the makers of vending machines, ATMs and other machines that receive and dispense cash to make technical adjustments to their equipment before the note goes into circulation. As with previous currency redesigns, the BEP will provide manufacturers with test notes and specifications about six months in advance of the note's entry into circulation.
"The BEP is working hard to ensure that the transition of the newly redesigned $10 note is as smooth as that of the $20 and $50 notes," said Tom Ferguson, director of the BEP, in a prepared statement. "We have worked closely with the cash-handling equipment manufacturers throughout the new currency program so that they have the information they need to ensure their machines accept the new bills."
The $100 note is also slated to be redesigned, but a timetable for its introduction is not yet set. The government has no plans to redesign the $5 note at this time, and the $1 and $2 notes will not be redesigned.
Because the improved security features are more effective if the public knows about them, the U.S. government has undertaken a broad, global public education program. This program ensures that people all over the world know the new currency is coming, and helps them recognize and use the security features. The outreach includes cash handlers, merchants, business and industry associations, and the media.
A variety of training materials -- such as posters, training videos and brochures -- is available for the $20 and $50 redesigns in 24 languages. These materials are available at the BEP web site. Training materials specific to the $10 redesign will be available after its new design is unveiled.
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