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WASHINGTON -- For the first time, a redesigned U.S. currency will be digitally unveiled by the Department of the Treasury. A new $5 bill design will be revealed online at 9 a.m. Sept. 20.
Officials from the Department of the Treasury, Federal Reserve Board, Bureau of Engraving and Printing and U.S. Secret Service will host the event on the Treasury's public education Web site -- www.moneyfactory.gov/newmoney.
The new bill design will be issued and enter circulation in early 2008, according to the Bureau of Engraving and Printing. The design features enhanced security elements, subtle background colors and images of American symbols of freedom, according to the bureau.
In efforts to discourage counterfeiting, the U.S. government continually redesigns the U.S. currency, the bureau stated. The redesign's decisions are guided by the government's evaluation of the range of counterfeit threats, whether from digital technology or sophisticated offset printing presses, according to the bureau.
While the next denomination to be redesigned will be the $100 bill, the government currently has no plans to redesign either the $1 or $2 bills.
Officials that will present the redesigned bill include:
-- Anna Escobedo Cabral, treasurer of the United States;
-- Larry R. Felix, director; Bureau of Engraving and Printing;
-- Michael Lambert, assistant director; Division of Reserve Bank Operations and Payment Systems, Federal Reserve Board; and
-- Michael Merritt, deputy assistant director; Office of Investigations, U.S. Secret Service