Thursday, March 13, 2008

$5 Bill Redesigned

The U.S. Treasury Department on Thursday began circulating a redesigned $5 bill. The first transaction was at a gift shop near President Lincoln's summer cottage overlooking Washington.

The $5 note has Abraham Lincoln's image on the front as usual, plus security features to discourage counterfeiting. The recently renovated cottage was selected as the backdrop for the unveiling of the new bill because Lincoln's image remains on the front.

Anti-counterfeiting measures are the main reason the United States has been making changes in currency. It started in 1996 with the $100 bill, followed by a new $20 bill in 2003. The $50 bill got an overhaul in 2004, and the $10 was redesigned in 2006.

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