Steven Mnuchin, U.S. Treasury Secretary, said on Thursday June 11 that the United States has no plans to unveil this year a new 20 dollars banknote with the image of Harriet Tubman to replace that of Andrew Jackson.
He also said that the decision should be taken by a new secretary, and that a new banknote will not be issued until 2030, because “redesigning the currency required developing complicated anticounterfeiting technology and a new printing process. which takes many years”.
The Obama Administration had planned to have the banknote in circulation by 2020.
N.R.: While it is true that the mentioned process takes some time, it is doubtful that it will take such a long time.
Source: The New York Times, June 12, 2020.
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