Issue Date: Vol. 43, No. 4 / April 25, 2003 - May 24, 2003 , Posted On: 5/1/2003
The New Color Of Money
WASHINGTON, DC -- (Posted May 1) The U.S. Department of Treasury will unveil on May 13 the newly designed $20 bill, marking the first time in modern history that a U.S. banknote will feature a color other than green. Originally, the bill was to be displayed to the public on March 27, but the war in Iraq delayed its unveiling. The addition of color is one of the security features of the new design known as "NexGen." The new colored $20 bill will be released into circulation in September. Next year a colored $50 note will appear, and will be followed in 2005 by a colored $100 note. The Treasury Department has not announce makeover plans for the $5 and $10 bills, but confirmed that the $1 and $2 bills will remain unchanged. It also isn't saying what colors will be added to the new $20, $50 and $100, but suggested they will be subtle background tints. The vending and amusement industry's leading manufacturers of bill acceptors report that they have been working closely with the Treasury Department's Bureau of Engraving and Printing here to develop validation updates for the new $20. More information can be had at http://www.bep.treas.gov/.