It doesn’t seem long ago we had to adjust to the look of a new 20-dollar bill. Now, yet another incarnation of the twenty will soon be making its way into Iowans’ wallets and purses. Ben Hildebrandt, spokesman for the Iowa Bankers Association, says the latest green-and-peach-colored 20s are starting to arrive in the Hawkeye State. In addition to being shaded peach in the center with tints of green and blue, the new bills include more security features designed to foil counterfeiters including: watermarks, security threads and color-shifting ink. They’re the same size as earlier 20s but will include enhanced portraits of Andrew Jackson and the White House. New symbols of freedom also made their way into the redesign, including a blue eagle and a metallic green eagle and shield. Hildebrandt says counterfeiting cases are relatively rare in Iowa, but there are plenty of criminals elsewhere working to perfect bogus greenbacks. The U.S. Secret Service reportedly catches three of every four counterfeit 20-dollar bills before they reach circulation. Hildebrandt says that’s an exemplary record, but the feds think they can do better when the new green-and-peach 20 gets out there. The federal government seized some 130-million dollars in unused counterfeit notes last year, while nearly 44-million more were taken out of circulation. By changing the look of the 20 and incorporating new security features, the federal government intends to curb the ability of counterfeiters to pollute the money supply. Hildebrandt says some Iowans may be resistant to yet another change, but he assures, it’s for the better.The new 20s were first released earlier this month though many Iowa A-T-Ms and banks are still distributing the other 20s, and likely will continue for several months. New designs for the 50 and 100-dollar bills are slated for release in 2004 and 2005. Although redesigns are under consideration for the five and ten-dollar notes, no changes are scheduled for the one and two-dollar bills.
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