There is a new twenty-dollar bill in circulation as of today. You're going to hear quite a lot about it from the government, including, we learned today, in a paid-for message on this broadcast. We've actually already assigned Ned Potter to do a story about the new bill because it is very different in several ways and is intended to defeat the counterfeiters.
The problem, says the government, is that new technology has made counterfeiting too easy. "We're now in the digital age where anybody with a home computer could actually counterfeit a note." That's why the Treasury is redesigning the twenty, soon to be followed by the fifty and the hundred. It's the second time in seven years. They are trying to make the bill so elaborate that they won't be worth the counterfeiters' trouble.
If you look very closely at the bill, you can see how this twenty in the corner changes color as you turn it, how the back is speckled with tiny twenties all over the place. And for the first time in nearly a century, the bill has different colors in it.
At the Secret Service Crime Lab in Washington, technicians can spot a fake in seconds. The crooks count on you not to bother.
The government's campaign to sell the new currency will ultimately cost more than fifty million dollars over the next five years. It wants people to recognize the new bills as genuine. "Safe, smarter, more secure."
The Treasury says the counterfeiters are in check for now. But to keep them from catching up, it says that in another seven years or so, it will have to change the currency all over again.