WASHINGTON - Much like the redesigned $20 and $50 notes issued over the last two years, the $10 denomination will be the next note slated for a make-over. The U.S. Federal Reserve will begin issuing the new $10 note in early 2006, according to a news release. The U.S. Department of Treasury's Bureau of Engraving and Printing will unveil the new note in late 2005.
Similar to the new $20 and $50 notes' designs, the updated $10 note will feature enhanced security features, subtle background colors and American symbols of freedom. BEP is preparing cash-handling equipment - including vending and ATM - manufacturers for needed technical equipment adjustments before the note hits the street.
BEP will provide manufacturers with test notes and specifications six months before the note's circulation.
"The BEP is working hard to ensure that the transition of the newly redesigned $10 note is as smooth as that of the $20 and $50 notes," said Tom Ferguson, director of BEP. "We have worked closely with the cash-handling equipment manufacturers throughout the new currency program so that they have the information they need to ensure their machines accept the new bills."
The $100 note also is slated for redesign. No timetable, however, for that redesign has been set.
The government has no plans to redesign the $1, $2 and $5 notes at this time.
