Bureau of Engraving and Printing Director Leonard R. Olijar offered
an update on the nation’s paper currency redesign in his November
“Director’s Corner” in the September/October issue of BEP
Communicator. He said a priority was having the new $10 note ready for
production by Aug. 18, 2020, along with final design concepts for the
$5 and $20 notes. The target date is the centennial of the signing of
the 19th Amendment, giving women the right to vote.
Olijar said the BEP and Federal Reserve were working together to
speed up the usual time line so all three notes could enter
circulation as quickly as possible while still satisfying security requirements.
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The design elements for the new notes are well-known — Alexander
Hamilton and leaders of the suffrage movement on the $10 Federal
Reserve note, Abraham Lincoln and events held at the Lincoln Memorial
on the $5 note, and Harriet Tubman, the White House and Andrew Jackson
on the $20 note.
Beyond the design, the director stressed that, with the continued
global acceptance of U.S. paper currency an overriding consideration,
the redesign is “security driven.” The components are continuing to
undergo refinement and testing with the goal of a currency that is
both secure and suitable for commerce.
always controversial: Are we closer to replacing Andrew Jackson
on the $20 note with a woman?
Olijar gave emphasis to work on the tactile feature, where “one
denominating scheme” has been selected from six. Also, after
extensive internal testing, the choice has been narrowed down to two
possible application methods: intaglio or coated-embossed. The feature
will be tested with visually impaired participants early in 2017.
Also on the BEP agenda: building a new Washington, D.C., facility;
upgrading and acquiring new equipment; and continuing conversion of
the remaining denominations to 50-subject sheets from 32-subject sheets.