US Treasury Department announced on Wednesday, June 17, that a woman is scheduled to appear on the new $10 bill in 2020. The woman hasn’t been chosen yet, but she will be featured in the portrait with Alexander Hamilton – the first secretary of the treasury – who will remain on the bill.
Even though Jacob Lew, the Treasury Secretary, is legally responsible for the decision, the officials said that they are looking for public input on who should appear on US paper currency for the very first time in 119 years. Lew said that they will spend a lot of time in the next few months listening to people, and that the final decision will be made in the fall.
While it hasn’t been determined yet when exactly the new note will enter circulation, it will definitely be unveiled in 2020 – the 100th anniversary of the 19th Amendment. Considering the fact the 19th Amendment gave women the right to vote, the US Treasury officials are looking to feature a female historical figure “who was a champion for our inclusive democracy.”
Meanwhile, Hamilton – who had a crucial role in establishing the American financial system – has been on the $10 bill since 1929, and will stay there, though most likely on the reverse side, or even in a separate series of bills. The current $10 bill in circulation was revealed in 2005, and issued in 2006. It has been reported that there are 1.9 billion $10 notes in circulation at the moment, and they will last for another decade.