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The new peach-hued U.S. $20 bill will be introduced at U.S. banks and businesses Oct. 9, officials plan to announce today, Tuesday's Wall Street Journal reported.
The Federal Reserve and Treasury will flood the U.S. and overseas outlets with up to 900 million of the new notes next month, issuing only the new $20 through the end of October and withholding previously circulated $20s until November.
The idea is to get consumers, businesses and money handlers accustomed to the pretty new note. Officials say adaptation of machinery, training of retail employees and other preparations have been under way for months, though, and there shouldn't be any notable problems.
The bill's front features the familiar Andrew Jackson portrait, with a new peach background and without its old oval border. The bill also sports a new blue eagle and a green tint near the right and left edges. The back of the bill features a similar multihued scheme.
Source: Dow Jones | |
