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 ( 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.

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