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FORT WORTH, Texas – Treasury and the Federal Reserve revealed the new design for the U.S. $50 note during the inauguration of the new Visitor Center of the Western Currency Facility Monday, April 26. The new $50 bills are anticipated to enter circulation in late September or early October. It follows the $20 bill that was issued last October in the 2004 redesign. The redesign will make the $50 harder for criminals to counterfeit. The government is trying to stay ahead of technological advances in counterfeiting by updating the currency every seven to 10 years. Next comes the $100 bill. Decisions on whether to redesign the $5 and $10 bill are still under consideration, but the $1 and $2 are not planned for redesigns. Treasury Secretary John Snow was on hand for the unveiling, as was Federal Reserve Board Governor Mark Olson, U.S. Secret Service Deputy Director C. Danny Spriggs, and Bureau of Engraving and Printing Director Thomas Ferguson.

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