Treasury Secretary Mnuchin Remains Silent on Banknote Design Changes
2018-01-23 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.
Latest News
-
Bow and Arrow on an Ancient Chera Copper Coin of the Sangam Age
2026-10-09 FriIn our ongoing series exploring the coinage of the Sangam Age, this uninscribed copper coin attri...
-
Symbolic Motifs on an Ancient Chola Copper Coin of the Sangam Age
2026-10-09 FriThe Chola dynasty was one of the three great ruling houses of ancient Tamilakam, alongside the Ch...
-
Iconography of Chera Dynasty on a Square Copper Coin
2026-10-08 ThuThe Cheras were one of the three great crowned dynasties of ancient Tamilakam, alongside the Chol...
-
Decoding the Symbols of a Sangam Age Pandyan Copper Coin
2026-10-08 ThuThe Sangam age is generally placed broadly between c. 300 BCE and 300 CE, although the chronology...
-
Royal Emblems on a Gold Kahavanu of Rajendra Chola
2026-10-07 WedRajendra Chola I (1012–1044 AD) was one of the most powerful rulers of the Chola dynasty and th...
