The release for the newly designed $20 bill adorned with Harriet Tubman’s face has been postponed until 2028.
What We Know:
- In 2016, during the Obama administration, Jacob Lew, the former Secretary of the US Treasury, announced that Andrew Jackson would be removed from the $20 bill and be replaced by a portrait of Harriet Tubman.
- Initially, the new bill design was supposed to be released in 2020. The time was chosen so that it coincided with the 100th anniversary of the 19th amendment which led to women gaining the right to vote.
- It is estimated that the new bill design will now not be released until 2028. The current Secretary of US Treasury, Steven Mnuchin, explained that there were security concerns that caused the delay. “The primary reason we have looked at redesigning the currency is for counterfeiting issues. Based upon this, the $20 bill will not come out until 2028.”
- President Trump has been vocal about his dislike of the new $20 bill design. “Andrew Jackson had a great history, and I think its very rough when you take somebody off the bill. I think Harriet Tubman is fantastic but I would love to leave Andrew Jackson to see if we can maybe come up with another denomination.”
- Trump recommended putting Tubman’s portrait on the $2 bill, currently portraying the face of Thomas Jefferson.
- Andrew Jackson was the seventh president and a known slave owner. Due to this, many are in favor of him being replaced with a historical figure like Tubman who is known for helping hundreds of slaves escape to freedom on the Underground Railroad.
The $10 bill and the $50 bill will be getting an update to their security features prior to 2028. Do you believe Mnuchin’s reasons for the delay?
