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The E-Sylum: Volume 27, Number 52, December 29, 2024, Article 25

NEW U.S. CURRENCY DESIGNS STARTING IN 2026

The U.S. Bureau of Engraving and Printing (BEP) plans to introduce new designs for the $5 through $100 bills, beginning in 2026 and ending in 2034, to combat counterfeiting. -Garrett

New U.S. Currency Designs Starting in 2026

The U.S. Bureau of Engraving and Printing (BEP) has announced a strategic timeline for the introduction of redesigned dollar bills, with the $100 bill set to debut in 2034. This initiative, detailed on the BEP's official website, underscores the agency's commitment to bolstering security measures against counterfeiting, a challenge that evolves with technological advancements. The Advanced Counterfeit Deterrence (ACD) Steering Committee collaborates with the BEP and the Federal Reserve to develop designs that are increasingly difficult to replicate fraudulently.

According to the published schedule, the redesigned $10 bill will be the first to enter circulation in 2026, followed by the $50 bill in 2028, the $20 bill in 2030, and the $5 bill in 2032. The culmination of this effort will be the introduction of the new $100 bill in 2034. The BEP has clarified that existing bills will remain legal tender, ensuring that there is no need for exchange once the new designs are released. This policy applies to all Federal Reserve notes issued since 1914, maintaining their validity for commercial transactions.

The current design of the $100 bill, featuring Benjamin Franklin, was introduced in 2013. While the BEP has not confirmed whether Franklin's portrait will remain on future designs, the focus is primarily on integrating new security technologies. However, potential changes in visual appearance may be considered during the development process. The Department of the Treasury has emphasized that redesigned bills will incorporate advanced security elements such as special inks, embossing, and holograms to protect the financial system and uphold public confidence in U.S. currency.

Developing each new bill can take over a decade, from initial research phases to final implementation. This extensive process ensures that security features meet required standards and that mass production is free from defects. The BEP has highlighted that the security features of the new bills will be designed for quick verification by both machines and the general public. Enhanced elements like watermarks, security threads, and transparent windows will be reinforced, and the possibility of incorporating digital authentication technology is being explored, a measure already adopted by other international currencies.

The redesign of the $100 bill is part of a large-scale effort to update all denominations in circulation. Collaboration with the Federal Reserve and the Department of the Treasury ensures that each design stage meets high technical and aesthetic standards. The introduction of easily recognizable visual elements will enable merchants and consumers to quickly identify authentic bills. The BEP has urged businesses and financial institutions to stay informed about future changes in bill design and to implement training for staff handling cash, aiming to prevent counterfeit bills from entering the financial system.

In terms of public education, the BEP will conduct informational campaigns before the circulation of each redesigned bill. These campaigns will include printed, digital, and audiovisual materials, as well as interactive demonstrations at public events. The goal is to familiarize the public with the new features of the bills and reduce the risk of fraud. The BEP's proactive approach in educating the public and financial sectors underscores its commitment to maintaining the integrity of U.S. currency.

To read the complete article, see:
The Future of U.S. Currency: New Dollar Bill Designs Set for 2034 (https://www.msn.com/en-us/money/markets/the-future-of-u-s-currency-new-dollar-bill-designs-set-for-2034/ar-AA1wrtqZ)



Wayne Homren, Editor

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