Wednesday, April 20, 2016
Breaking: Harriet Tubman will replace Andrew Jackson on the $20
In a surprise move, Harriet Tubman will replace Andrew Jackson on the $20 bill, one of the most heavily circulated bills in the world, according to a report from Politico. Treasury Secretary Jack Lew will announce the change later today, according to the report. This marks a big win for Woman on 20, the movement to put a woman on the face of US paper currency for the first time in nearly a century.
Lew will also announce that the $10 bill will keep Alexander Hamilton on the front, but feature women who led the charge to give women the right to vote on the back of the bill. Last June, the Treasury announced that it would feature a woman alongside Hamilton, but didn't designate how the design would work. The $5 bill will also be refreshed, and will feature civil rights leaders, according to the Politico report.
While the new $10 bill is expected to be released in 2020, the updated $20 bill isn't expected to be issued until 2030 at the earliest, according to a report from CNN; citing the lengthy approval process by the Advanced Counterfeit Deterrence steering committee, which is made up by representatives from the the Treasury, the US Secret Service, the Federal Reserve.