New $20 Bill comes out today
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Stormsfury
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streetsoldier
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I was worried about that when I heard about this.
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ColdFront77
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WoodstockWX
Coldfront, this was previously announced, maybe a couple or a few months ago. I remember because I went on a rant about the cycle of counterfieter vs. the gov't changing the money leading to a cashless society which would put us at risk of our transactions being monitored and setting us up for the gov't taking away all our freedom and persecuting dissenters and free thinkers by freezing their accounts. (takes a deep breath)
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This space for rent.
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chadtm80
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chadtm80
Colorful new $20 aims to stymie fakes
By Henry Pierson Curtis | Sentinel Staff Writer
Posted October 10, 2003
ALTAMONTE SPRINGS -- The first new $20 bill in circulation in Central Florida changed hands Thursday afternoon for two boxes of snacks and $14.02 in change.
TV cameras and reporters captured the moment at a Winn-Dixie supermarket on State Road 434 as part of the U.S. Treasury's nationwide rollout of the new note.
"The public is the first line of defense against counterfeiting," said Christina Wilson of the Federal Reserve Bank of Atlanta, explaining all the hoopla about the bill's new colors and design. "Counterfeiters hope the cash-handling public will not examine money closely."
The new bills should begin circulating locally by the middle of next week. Each week, the Federal Reserve Bank's Jacksonville office distributes 25,000 bundles of 1,000 newly printed bills of all denominations to banks in Central and North Florida. The new $20 bills should replace almost all the old ones within 24 months, Wilson said.
The redesigned bill has hues of peach, blue and green, the first new colors on U.S. currency in nearly 70 years. What at first look like lightning bugs floating around the White House on the bill's backside are several dozen tiny, yellow 20s. And a vertical security thread on that side now includes a minuscule U.S. flag with "20" in place of the stars.
On the front, two eagles have been added, one blue, the other green, and the words, "TWENTY USA" float faintly on either side of President Andrew Jackson's re-designed portrait.
Redesign of $5 and $10 bills is being considered, but $1 bills will not be changed.
The new features were added to confound criminals, who increasingly have turned to digital copiers and computer technology to duplicate currency, according to the federal Bureau of Printing and Engraving.
But the U.S. Secret Service won't be surprised to see new fakes showing up in Orlando within two months.
"History tends to repeat itself, and that's a good yardstick," said Assistant Special Agent-in-Charge Robert Flaherty, referring to the approximately 60 days it took South American counterfeiters to duplicate the last major currency re-design in 1998.
Counterfeit currency has been more common in Central Florida than other areas of the United States since the 1971 opening of Walt Disney World turned the region into an international tourist destination.
In January, Secret Service agents in Orlando seized nearly $1 million in bogus $100 bills. The case led to the seizure of about $20 million in the same bills at a printing plant protected by communist guerrillas in rural Colombia.
By Henry Pierson Curtis | Sentinel Staff Writer
Posted October 10, 2003
ALTAMONTE SPRINGS -- The first new $20 bill in circulation in Central Florida changed hands Thursday afternoon for two boxes of snacks and $14.02 in change.
TV cameras and reporters captured the moment at a Winn-Dixie supermarket on State Road 434 as part of the U.S. Treasury's nationwide rollout of the new note.
"The public is the first line of defense against counterfeiting," said Christina Wilson of the Federal Reserve Bank of Atlanta, explaining all the hoopla about the bill's new colors and design. "Counterfeiters hope the cash-handling public will not examine money closely."
The new bills should begin circulating locally by the middle of next week. Each week, the Federal Reserve Bank's Jacksonville office distributes 25,000 bundles of 1,000 newly printed bills of all denominations to banks in Central and North Florida. The new $20 bills should replace almost all the old ones within 24 months, Wilson said.
The redesigned bill has hues of peach, blue and green, the first new colors on U.S. currency in nearly 70 years. What at first look like lightning bugs floating around the White House on the bill's backside are several dozen tiny, yellow 20s. And a vertical security thread on that side now includes a minuscule U.S. flag with "20" in place of the stars.
On the front, two eagles have been added, one blue, the other green, and the words, "TWENTY USA" float faintly on either side of President Andrew Jackson's re-designed portrait.
Redesign of $5 and $10 bills is being considered, but $1 bills will not be changed.
The new features were added to confound criminals, who increasingly have turned to digital copiers and computer technology to duplicate currency, according to the federal Bureau of Printing and Engraving.
But the U.S. Secret Service won't be surprised to see new fakes showing up in Orlando within two months.
"History tends to repeat itself, and that's a good yardstick," said Assistant Special Agent-in-Charge Robert Flaherty, referring to the approximately 60 days it took South American counterfeiters to duplicate the last major currency re-design in 1998.
Counterfeit currency has been more common in Central Florida than other areas of the United States since the 1971 opening of Walt Disney World turned the region into an international tourist destination.
In January, Secret Service agents in Orlando seized nearly $1 million in bogus $100 bills. The case led to the seizure of about $20 million in the same bills at a printing plant protected by communist guerrillas in rural Colombia.
Last edited by chadtm80 on Fri Oct 10, 2003 8:06 pm, edited 1 time in total.
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StormCrazyIowan
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ColdFront77
coriolis wrote:Coldfront, this was previously announced, maybe a couple or a few months ago. I remember because I went on a rant about the cycle of counterfieter vs. the gov't changing the money leading to a cashless society which would put us at risk of our transactions being monitored and setting us up for the gov't taking away all our freedom and persecuting dissenters and free thinkers by freezing their accounts. (takes a deep breath)
Thank you, Ed. Along with weather, U.S. Geography and of course Storm2K
... my interest is national and local news. I figured I would have heard about a new 20 dollar bill coming out, again.chadtm80 wrote:The last "new" bill was in 98..
There are plans for the 5, 10, and 50 dollar bills.. But there not going to do the ones..
I honestly didn't think the there were going to be new one dollar bills. It was only logical that they would be with those denominations that were done being changed.
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