Monday, March 20, 2006

New $10 Bill to Hit Registers

By Brian Ash
According to MSNBC a new colorful $10 bill has made its debut and will be seen in registers all over America. It will have shades of yellow, red and orange. The bill will mimic the colorized versions of the $50 and $20 bills. The new $10 bill will still feature Alexander Hamilton, the nation’s first Treasury Secretary, on one side, and the Treasury building on the other side. These two images are joined by the Statue of Liberty’s torch and “We the People” in red along with small yellow 10s and a subtle orange background.

What is the reason for the new look? The Bureau of Engraving and Printing explains that it is getting harder and harder to stay ahead of new sophisticated copying machines and counterfeiters who want to make a quick buck. “Staying ahead of would-be counterfeiters is a top priority of the United States government and in order to do that our currency will need to be redesigned every seven to ten years,” said U.S. Treasurer Anna Escobedo Cabral.

The Federal Reserve recently shipped 800 million of the new $10 bills to commercial banks. You will be seeing more and more of this bill in upcoming weeks as it circulates throughout America’s cash registers.

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