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The $10 will soon be changing

The federal government's battle against counterfeiters enters yet another phase in early 2006 with the release of a colorful new $10 bill. First, we saw the roll-out of the redesigned $20 bill in 2003, followed by the new $50 bill in 2004. Soon, new $10 bills will roll off the presses with some interesting colors. The redesigns are part of an ongoing effort to thwart counterfeiters, who are increasingly taking advantage of digital technology to produce fake bills cheaper and easier. However, the Federal Reserve Board concedes it's a never-ending battle to stay one step ahead of the forgers. That's why the government expects to keep redesigning U.S. currency every seven to ten years.

Banks and businesses have until the release date to prepare for the launch of the new bills. That includes training employees how to use the notes' security features and making necessary technical adjustments to mechanical cash sites such as ATMs, vending machines and self-serve checkouts. The new $10 bill will include subtle shades of red, orange, and yellow, along with images of the Statue of Liberty's torch and the words "We the People" from the United States Constitution. Add these colorful bills to the previously released new fifties with shades of blue and red and the new twenties with touches of peach and blue, and you've got a rainbow. The new colors and designs are especially interesting when you consider that the 2003 release of the $20 marked the first time since the early 1900s that U.S. cash included colors other than green and black. The new bills include these security features:
 A watermark, which is similar to the portrait on the front of the bill, and can be seen when held up to the light. For the $10, a faint image of Treasury Secretary Alexander Hamilton appears to the right of his large portrait, visible from both sides of the note. Also on the $10, a blank oval has been incorporated into the design to highlight the location of the watermark.  A security thread, or a vertical piece of plastic embedded in the paper, denoting the denomination of the bill. The thread in the new $10 will include the words "USA TEN" and a small flag that glows orange when held under ultraviolet light.   Color-shifting ink on the denomination in the lower right-hand corner changes from copper to green when the bill is tilted.

What changes will be next? The Federal Reserve Board has no current plans to change $5 bills, and has announced that ones and twos will not be redesigned. The $100 bill is slated to be redesigned but there is no timetable yet.

 

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