Face lift for Jackson.The U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Department will begin circulating a new US$20 bill Oct. 1. The new bill has several new features designed to thwart counterfeiters. The most striking changes to the bill are additional colors, a new number arrangement and a redesigned background. Subtle watermarks are also added, and the circle around Andrew Jackson's head is removed. "It's going to have quite an impact" said Edwin Lugo, who recently left Mexico as resident agent in charge of the U.S. Secret Service to head the service's anti-counterfeit operations in Colombia. The new watermark watermark: see paper. See digital watermark. and security strip--"USA TWENTY" is set against a faded bald eagle bald eagle Species of sea eagle (Haliaeetus leucocephalus) that occurs inland along rivers and large lakes. Strikingly handsome, it is the only eagle native solely to North America, and it has been the U.S. national bird since 1782. The adult, about 40 in. on the left of the bill's face--were singled out by anti-counterfeit experts as improved quick-glance features intended to challenge digitally proficient counterfeiters and aid merchants in identifying phony bills. Whether or not these features will be readily visible against the green felt of a craps craps: see dice. craps Gambling game in which each player in turn throws two dice, attempting to roll a winning combination. The term derives from a Louisiana French word, crabs, which means “losing throw. table has yet to be tested. The United States last redesigned its currency in 1996, and Treasury officials plan to change the big bills every seven to 10 years. The US$50 and US$100 will be redesigned in the new US$20 format in 2004 and 2005, respectively. "The soundness of a nation's currency is essential to the soundness of its economy" U.S. official Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. said. |
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