The Real Story Behind Why It Will Take Nearly 15 Years to Release Into Circulation the Harriet Tubman $20 Note
May 17, 2016 in News by RBN Staff
Source: Mises Institute By Ryan Griggs
[via: Economic Policy Journal]
[T]oday I am excited to announce that for the first time in more than a century, the front of our currency will feature the portrait of a woman — Harriet Tubman on the $20 note.
We anticipate that final concept designs for the new $20, $10, and $5 notes will all be unveiled in 2020 in conjunction with the 100th anniversary of the 19th Amendment, which granted women the right to vote. [Emphasis added.]
The answer was suggested by Lydia Washington, “lead public affairs specialist” for the Bureau of Engraving and Printing, in a statement quoted by Inverse on April 22, 2016:
The primary purpose of redesigning currency is for security purposes. The Bureau of Engraving and Printing is working with Treasury, the Federal Reserve and Secret Service to develop robust, unique, denomination specific security features. [Emphasis added.]
Jealous Monopoly: Justifying Expenditure to Maintain Publicly-Counterfeit Currency
States Only Benefit from Paper-Money Creation if They’re the Only Ones Doing It
The War on Anonymity and the Rise of Techno-Cash
This view, however, does not offer a complete picture of what is going on right now with physical cash. I argue that something else is also underway: the rise of state techno-cash.