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WASHINGTON (CNN/Money) - The $20 bill got a facelift Tuesday, complete with new colors, a new number arrangement and a new background, in the government's latest effort to thwart counterfeiters.
The Treasury Department's Bureau of Engraving and Printing introduced the new design, still featuring Andrew Jackson on the front but without the old circle, and a background with subtle green, "peach" and light blue hues.
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The front of the new $20 bill unveiled by the Treasury Department Tuesday. The vertical red printing reads 'specimen'. Click on the image for a larger view.
Other new features include small 20s in faded yellow in the background of the back of the bill. In the background of the front of the bill is a faded bald eagle and the words "Twenty USA/USA Twenty."
The Treasury plans to redesign bills every seven to 10 years to keep up with technological advances in counterfeiting.
"The soundness of a nation's currency is essential to the soundness of its economy. And to uphold our currency's soundness, it must be recognized and honored as legal tender and counterfeiting must be effectively thwarted,'' Federal Reserve Chairman Alan Greenspan said in a ceremony at the bureau.
The last redesign of American currency was in 1996, when a new $100 bill was introduced with anti-counterfeiting features such as ink that appeared black from one angle and green from another; a watermark visible only when holding the bill up to the light; and a security strip running vertically through the bill -- features that will remain in the newest currency.
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Other currencies with similar features followed -- a new $50 bill in 1997, a new $20 bill in 1998, and new $5 and $10 notes in 2000.
The new $20 bill will go into circulation in the fall -- most likely in October, according to Thomas Ferguson, director of the Bureau of Engraving and Printing.
New $50 and $100 notes will be introduced in 2004 and 2005, each with different color schemes. New $5 and $10 notes might also be introduced. The $1 and $2 notes will not change.
