New $5 Bill to Enter Circulation in March
WASHINGTON -- A newly designed $5 bill will enter circulation on March 13, the Federal Reserve Board and U.S. Treasury announced. On that day, Federal Reserve banks will begin distribution of the redesigned bills to customer banks, which will then distribute them to businesses and consumers.
"The U.S. government has been working with the business community and central banks to ensure a smooth transition for the new $5 bill," Rose Pianalto, assistant to the board of governors of the Federal Reserve Board, said in a statement.
Bills with the older design will continue to circulate and maintain their full face value, making it unnecessary to trade in old $5 bills for new ones, according to the groups.
"For any business that deals in cash, this is a good time to start training employees on what security features to look for in the new $5 bill, before they start seeing it in their cash registers," Dawn Haley, chief of the office of external relations at the Treasury's Bureau of Engraving and Printing, said in a statement.
The new $5 bill uses state-of-the-art security features that can be seen when the bills are held to the light. They include:
-- Watermarks: Two watermarks on the redesigned $5 bill include a large number "5" to the right of the portrait and a column of three smaller numerals positioned to the left of the portrait.
-- Security Thread: The vertical, embedded security thread is now positioned to the right of the portrait. The letters "USA" followed by the number "5" appear in an alternating pattern and are visible along the thread from both sides of the bill. The thread glows blue under ultraviolet light.
"The U.S. government has been working with the business community and central banks to ensure a smooth transition for the new $5 bill," Rose Pianalto, assistant to the board of governors of the Federal Reserve Board, said in a statement.
Bills with the older design will continue to circulate and maintain their full face value, making it unnecessary to trade in old $5 bills for new ones, according to the groups.
"For any business that deals in cash, this is a good time to start training employees on what security features to look for in the new $5 bill, before they start seeing it in their cash registers," Dawn Haley, chief of the office of external relations at the Treasury's Bureau of Engraving and Printing, said in a statement.
The new $5 bill uses state-of-the-art security features that can be seen when the bills are held to the light. They include:
-- Watermarks: Two watermarks on the redesigned $5 bill include a large number "5" to the right of the portrait and a column of three smaller numerals positioned to the left of the portrait.
-- Security Thread: The vertical, embedded security thread is now positioned to the right of the portrait. The letters "USA" followed by the number "5" appear in an alternating pattern and are visible along the thread from both sides of the bill. The thread glows blue under ultraviolet light.