The Journey of a New Banknote

The introduction of a redesigned U.S. currency note is a complex, multi-year process. Here's a look at the upcoming $10 bill, expected in 2026.

The Key Players

🏛️

U.S. Treasury

  • Sets policy & gives final design approval
  • Oversees the Bureau of Engraving and Printing

📠

Bureau of Engraving & Printing

  • Designs and engraves the note
  • Manufactures the physical currency
  • Develops new security tech

🏦

The Federal Reserve

  • Issues notes as legal tender
  • Orders & distributes new currency
  • Manages public education

🕵️

U.S. Secret Service

  • Advises on counterfeit deterrence
  • Investigates and enforces currency laws

Shared Responsibility

Releasing a new note is a highly collaborative effort. While each agency has distinct roles, their work overlaps significantly to ensure the security and integrity of U.S. currency. The Federal Reserve leads distribution and public outreach, while the BEP is responsible for the physical creation.

From Concept to Circulation

1. Design & Development

(Years in Advance)

Threats are analyzed and new security features are developed, tested, and integrated into the note's design.

2. Production

(Years Leading to Release)

The BEP prints billions of notes based on the Fed's annual order, building a massive inventory.

3. Readiness Preparation

(6-8 Months Before Release)

A crucial phase where vendors update machines and the public is educated on the new design.

4. Issuance & Circulation

(Release Date & Onward)

The Federal Reserve officially releases the new note into the economy through financial institutions.

The Readiness Challenge

Vendor Readiness

Businesses and equipment makers must adapt their technology to accept and dispense the new note.

  • ✅Update Machines: Software/firmware for ATMs, vending machines, and cash sorters must be updated.
  • ✅Test Systems: Financial institutions conduct extensive internal testing on their updated equipment.
  • ✅Coordinate: Banks work with their third-party vendors (like armored carriers) to ensure readiness across the board.

Public Readiness

Public trust is key. Education campaigns ensure everyone knows how to use and authenticate the new currency.

  • ✅Nationwide Campaigns: The U.S. Currency Education Program launches campaigns 6-8 months before release.
  • ✅Learn New Features: The public is taught how to identify new security features like special inks and watermarks.
  • ✅Train Cash Handlers: Businesses train employees on how to spot authentic notes.