Roommates, it has been about 5 years since news broke that Harriet Tubman would replace Andrew Jackson on the $20 bill and it looks like Joe Biden is ready to get those bills printed ASAP!
It was previously reported that the bill would be released back in 2020 but shortly after it was reported that the bill was “unlikely to roll out under the Trump Administration”. Now, Biden’s White House press secretary has announced that his administration is moving forward with the operation.
“The Treasury Department is taking steps to resume efforts to put Harriet Tubman on the front of the new $20 notes,” Jen Psaki said. “It is important that our…money reflect the history and diversity of our country and Harriet Tubman’s image gracing the new $20 bill would certainly reflect that.”
The Trump administration announced in 2019 that the bill would be delayed until at least 2028 because of technical issues and Psaki said the White House is “exploring ways to speed up that effort.”
Former Treasury Secretary Steve Mnuchin previously noted counterfeit issues as the inspiration behind changing the bill int he first place.
“The primary reason we’ve looked at redesigning the currency is for counterfeiting issues,” he said. “Based upon this, the $20 bill will now not come out until 2021. The $10 bill and the $50 bill will come out with new features beforehand. So, the answer is: It is my responsibility now to focus on what is the issue of counterfeiting and the security features. The ultimate decision on the redesign will most likely be another secretary’s down the road.”
If the change is made, Harriet Tubman would be the first Black person to be placed on U.S. currency.
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