Saturday, May 25, 2019

For what it's worth

Since I'm seeing a lot of chatter on social media about Trump supposedly delaying the Harriet Tubman $20 bill because he's a Bad Orange Man, a reminder from 2016 is in order:
Millions of Americans rejoiced yesterday when the U.S. Treasury announced that it would replace Andrew Jackson with Harriet Tubman on the face of the $20 bill. However, their celebrations may be premature: It could be a decade or more before the bill is actually in circulation.

The problem is the slow pace at which the U.S. government typically moves to adopt change, according to Wired. In a letter posted on Medium, Treasury Secretary Jacob Lew said the Bureau of Engraving and Printing will unveil new looks for the $5, $10 and $20 bills in 2020 in honor of the 100th anniversary of women’s suffrage.

The new bills won’t go into circulation then, however; they’ll merely be shown to the public. It could take many more years to pass before the average American has a wallet full of Harriet Tubman $20s.

The hold-up is in part due to security concerns: The blue anti-counterfeit strip on the $100 bill took 15 years to develop. The Treasury is also committed to making the new bills more accessible for the visually impaired, meaning that they may have to develop new texture details. In true vague government fashion, a Treasury spokesperson said it’s impossible to predict when the new bills will be ready.
Jack Lew could promise anything, but the wheels turn slowly, especially since $20 and $100 bills are the ones counterfeiters favor. For an outlet to say we won't see Tubman Twenties until after Trump leaves office is simultaneously true and false.

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