The U.S. government conducted a training seminar in Toronto today for financial institutions and law enforcement organizations to provide information about its redesigned currency and its efforts to stay ahead of counterfeiters.
Given that over two-thirds of U.S. currency circulates outside the United States, the U.S. government regularly conducts training seminars to educate stakeholders in international markets about new currency designs.
The new $10 note, which was revealed on September 28, is the latest in the new series for U.S. currency. The new series began with the introduction of the $20 note on October 9, 2003, and continued with the $50 note issued on Sept. 28, 2004. The $100 will be the next denomination to be redesigned after the $10 note.
Today’s seminar highlighted the security features found on each new note.
“We are pleased to launch our international training seminars in Toronto and continue our cooperation with the Bank of Canada, and all Canadian financial institutions and organizations that utilize U.S. currency. Together, with an understanding of the security features of the redesigned U.S. currency, we are working to combat counterfeiting,” Eugenie Foster, cash manager, board of governors of the Federal Reserve System said in a release.
The new $10 note, like the previously introduced $20 and $50 notes, incorporates security features to combat counterfeiting.
Color-shifting ink makes the “10” in the lower right-hand corner on the face of the note change color from copper to green when the note is tilted.
A watermark of U.S. Treasury Secretary Alexander Hamilton appears to the right of his large portrait. The watermark is visible from both sides of the note. –
A security thread that repeats “USA TEN” in tiny print runs vertically to the right of the portrait.
At this time, the U.S. government has no plans to redesign the $5 note. The $1 and $2 notes will not be redesigned.
U.S. government launches international currency training seminar
Redesigned U.S. currency gets new security features
- By: IE Staff
- October 25, 2005 October 25, 2005
- 13:10