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Press Releases 05

Ambassador Garza Unveils New $10 Bill

Mexico City, September 28, 2005 – “The U.S. dollar represents much more than one nation’s currency. It is the cornerstone of a financial system that has brought wealth to an incalculable number of people around the world. The dollar symbolizes faith and trust to millions who live and work far beyond the country in which it is printed,” U.S. Ambassador to Mexico Tony Garza at an event today unveiling the new $10 bill.

The new $10 note is the third denomination in a series of newly designed bills that the United States government has issued. The $10 note includes new designs and security features to make the work of potential counterfeiters more difficult. New security features include color-shifting ink changing from copper to green, a watermark that is part of the paper itself, and a security thread. Other new features include the Statue of Liberty’s torch and the words “We the People” from the U.S. Constitution with background colors in shades of orange, yellow and red. Existing design features such as microprinted words, engraving details, and Federal Reserve serial numbers combined with the new features make the new bill more secure.

“The new $10 bill is more secure, safer and smarter; it includes state-of-the-art technology to protect against counterfeiting,” added Ambassador Garza.

The redesigned $10 bill will enter circulation in early 2006. At that time all notes—new and old—will be honored at their face value. No recall of old bills will take place. There is an estimated $5 billion of U.S. currency in circulation in Mexico and about 25 percent of the total U.S. currency worldwide is in Latin America.

For more information on the new $10 note, please check the website: www.moneyfactory.gov/newmoney


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