Why do we redesign currency?
There are two main components of currency redesign: Technical and Aesthetic
- The primary technical goals in the redesign of U.S. currency are to:
- Ensure that U.S. currency employs unique and technologically advanced features to deter counterfeiting
- Facilitate the public’s use and authentication
- Provide accessibility and usability
- Maintain public confidence
- The aesthetic goals in the redesign of U.S. currency are to:
- Institutionalize our American history by depicting people, monuments, symbols and concepts that reflect the past and reinforce a theme for that particular era of currency design.
Redesigned $5 Note - 2006
A redesigned $5 note was issued on March 13, 2008. The redesigned $5 note retains two of the most important security features first introduced in the 1990s: the watermark and embedded security thread.
Redesigned $20 Note - 2003
Beginning with the redesigned $20 note in October 2003, Federal Reserve notes features subtle background colors of green, peach and blue, as well as images of the American eagle.
Redesigned $50 Note - 2004
The redesigned $50 note, issued September 28, 2004, features subtle background colors and highlights historical symbols of Americana. Specific to the $50 note are background colors of blue and red, and images of a waving American flag and a small metallic silver-blue star.
Redesigned $100 Note - 2013
On October 8, the Board of Governors of the Federal Reserve System issued the redesigned $100 note. Complete with advanced technology to combat counterfeiting, the new design for the $100 note includes a 3-D security ribbon and retains the traditional look of U.S. currency.
Why The $10 Note?
The Advanced Counterfeit Deterrence (ACD) program, established in July 1982, aims to monitor and communicate counterfeit deterrence issues to the Secretary of the Treasury. The ACD’s focus is to stay ahead of counterfeiting, which is the primary driver for currency redesign. In June 2013, the ACD recommended to the Secretary of the Treasury that the $10 note should be the next redesigned note. When deliberating what denomination to redesign next, the ACD engaged in a detailed analysis consisting of a counterfeit threat assessment, the state of security feature development to counter such threats, production capabilities and complexities, relative use of various notes in transactional commerce, and impact on consumers and banknote equipment manufacturers. Following this analysis the $10 note was recommended.
The new $10 is also expected to include a tactile feature that will assist the blind and visually impaired in denominating currency. This note will include new accessibility features. In addition to the other steps we have taken – large, high-contrast numerals and the distribution of currency readers – tactile features will meaningfully improve access to currency for the blind and visually impaired community.