New $10 Note Unveiled
NEW YORK-The Federal government unveiled the newly redesigned $10 bill in a ceremony in New York Sept. 28. All the larger notes have been redesigned to ward off counterfeiting efforts. The new $10 includes easy-to-use security features-like color-shifting ink and a watermark-and subtle background colors of orange, yellow, and red, according to the U.S. government's informational Web site (www.moneyfactory.gov). It also features images of the Statue of Liberty's torch and the phrase "We the People" from the Constitution. The new series began with the introduction of the redesigned $20 bill on October 9, 2003, and continued with the $50 note issued on September 28, 2004. NAFCU President and CEO Fred Becker was on-hand for the reveal and cited statistics that a full third of U.S. currency is held overseas. Additionally, he noted that one-tenth of 1% of U.S. currency is counterfeit. He called credit unions and other financial institutions "partners" in preventing counterfeiting.