Finances – Keeping Currency Current

In case you missed it, US currency is undergoing a makeover. On April 20th, 2016, Treasury Secretary, Jacob Lew, announced plans to redesign the $5, $10 and $20 note. The redesign started off with the idea to change the face on the $10 note; however, after months of consideration, the $5 and $20 note was also added to the redesign plans.

According to an open letter published by Lew, below are the redesign plans:

$5 Note

  • Face: Will continue to feature President Lincoln.
  • Reverse: Will depict the historic events that have occurred at the Lincoln Memorial: In 1939, at a time when Washington’s concert halls were still segregated, world-renowned opera singer Marian Anderson helped advance civil rights when, with the support of First Lady Eleanor Roosevelt, she performed at the Lincoln Memorial in front of 75,000 people. And in 1963, Martin Luther King, Jr. delivered his historic “I Have a Dream” speech at the same monument in front of hundreds of thousands of people.

$10 Note

  • Face: Will continue to feature Alexander Hamilton, our nation’s first Treasury Secretary and the architect of our economic system.
  • Reverse: Will honor the story and the heroes of the women’s suffrage movement against the backdrop of the Treasury building. Treasury’s relationship with the suffrage movement dates back to March of 1913, when advocates came together on the steps of the Treasury building to demonstrate for a woman’s right to vote, seven years prior to the passage of the 19th Amendment. The new $10 design will depict that historic march and honor Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul for their contributions to the suffrage movement.

$20 Note

  • Face: Will feature a woman, Harriet Tubman – leader of the underground railroad and an advocate for women’s right to vote.
  • Reverse: Will continue to feature the White House as well as an image of President Andrew Jackson.

According to the open letter, “final concept designs for the new $20, $10, and $5 notes will all be unveiled in 2020 in conjunction with the 100th anniversary of the 19th Amendment, which granted women the right to vote.”

 

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About robertjrussellcompanies

International Real Estate Agent * Insurance Broker * Radio Talk Show Host * Public Speaker * find out about me - visit http://www.robertjrussellcompanies.com
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