2017-05-05 Fri

Jovita Carranza was officially appointed as the 44th Treasurer of the United States on 28th April, replacing the position that was earlier held by Rosa Gumataotao Rios. Carranza becomes the 16th consecutive woman to hold the post and the 7th woman of Hispanic ethnicity to serve as Treasurer.

As per the new Law, her appointment does not require the approval of the US Senate. Carranza is currently President and Chief Executive Officer of the business development consulting firm JCR Group. Before that, she served as Deputy Administrator of the US Small Business Administration (SBA) by President George H. W. Bush. She joined as the Vice President of Air Operations for the package and mail delivery company UPS. Carranza has been called the "Woman of the Year" by Hispanic Business Magazine, apart from receiving many other awards.

The U.S. Treasurer works for the Treasury Department. She would have to oversee activities of Bureau of Engraving and Printing (BEP), the Mint and the Savings Bond Marketing Office within the Bureau of the Fiscal Service. She would advice mint director, the director of the BEP and the deputy secretary and secretary of the Treasury about coinage, currency and related instruments.

Federal Reserve notes might soon carry her signature, creating exciting among banknote collectors.