US Coin News

Redesign of $20 Bill Delayed Until 2028

US $20 Bill

The long awaited and discussed redesign of the United States $20 bill looks to be shelved for almost another decade. Today, before the House Financial Services Committee, Treasury Secretary Steven Mnuchin announced that a any redesign o the $20 note has been pushed back to 2028. Secretary Mnuchin indicated the primary reason for the delay was due to counterfeiting issues.

“The primary reason we have looked at redesigning the currency is for counterfeiting issues,” Mnuchin said. “Based upon this, the $20 bill will now not come out until 2028. The $10 bill and the $50 bill will come out with new features beforehand.”

Treasury Secretary Steven Mnuchin

Originally, the new $20 bill featuring African-American civil rights activist Harriet Tubman was to set to appear in 2020. That release coincided with the 100th anniversary of the 19th Amendment to the United States Constitution. That amendment gave women the right to vote. Tubman was the winning choice out of a social media campaign. That resulted in the Obama Administration working with the Treasury Department to get the Tubman $20 out by next year.

That direction changed in 2017 when now President Trump was elected who, during his campaign, commented that the change from Andrew Jackson, who is currently on the $20 bill, to Tubman was based on political correctness. Since then, the administration has been silent on the matter and non-committal until today.

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