Treasury-Secretary-Mnuchin-Remains-Silent-on-Banknote-Design-Changes

Treasury Secretary Mnuchin Remains Silent on Banknote Design Changes

23 Jan 2018  Tue

Treasury Secretary Steven Mnuchin was asked if there is going to be a design change for the $20 Federal Reserve note on 12th January at the Economic Club of Washington. However, new reports suggest that he did not give a straight answer. He said that security was on priority and not the design.

Abolitionist Harriet Tubman was supposed to be featured on new $20 notes that were scheduled for release in 2020. Former Treasury secretary, Jacob Lew ordered that the $5, $10, and $20 notes should be redesigned.

The portrait of Tubman was supposed to be replaced by Andrew Jackson’s picture on the $20 note. And Jackson was supposed to be featured on the reverse as per the old plan.

Alexander Hamilton’s image was supposed to remain on the obverse of the new $10 note. However, the new reverse design was supposed to honor the leaders of the suffrage movement — Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul.

The new $5 note was supposed to feature a portrait of Abraham Lincoln on the obverse. The reverse was supposed to retain the Lincoln Memorial image along with images of freedom fighters like Marian Anderson and Martin Luther King Jr.

References of these changes have been removed completely from all government websites as of now.