Yellen Unveils US Banknotes That Mark Two Historic Firsts




 

(Bloomberg) - Treasury Secretary Janet Yellen hailed the work done by women in her department as she unveiled the first US banknotes bearing the signature of a female secretary.

Most Read from Bloomberg

  • Putin Calls Russian Nukes Deterrent Factor, Says War Risk Rising

  • Peru's President Accused of Coup After Move to Dissolve Congress

  • WNBA Star Griner Released in One-for-One Swap for Arms Dealer

  • Elon Musk's Bankers Consider Tesla Margin Loans to Cut Risky Twitter Debt

  • Why Did So Many US Men Quit Working? Social Status May Hold the Key, Study Says

"Women represent around 62% of the Treasury workforce, and women are in positions of power across our department," Yellen said Thursday at a Bureau of Engraving and Printing facility in Fort Worth, Texas. "Today is not about me or a new signature on our currency. It's about our collective work to create a stronger and more inclusive economy."

The new $1 and $5 bills being printed in Ft. Worth are also the first carrying the signature of a Native American woman - US Treasurer Lynn Malerba. The banknotes will be delivered to the Federal Reserve in December and enter into circulation in January, a Treasury spokesperson said.

Read more: Yellen Vows to Colbert Her Signature on Currency Will Be Legible

The Fort Worth facility is one of two that print US banknotes; the other is in Washington.

Most Read from Bloomberg Businessweek

  • Airbus Is Coming for Boeing's 737

  • China Is the Wild Card for Global Inflation in 2023

  • The Cult of the Retail Trader Has Fizzled

  • The Viral List That Turned a Yale Professor Into an Enemy of the Russian State

  • The Club With a 60,000-Woman Waitlist

©2022 Bloomberg L.P.

COMMENTS

More Related News

Asian Equities Headed Lower, Stung by Fed Hawks: Markets Wrap
Asian Equities Headed Lower, Stung by Fed Hawks: Markets Wrap

(Bloomberg) -- Stocks in Asia edged lower Thursday as hawkish comments from Federal Reserve officials prompted investors to rethink expectations about US...

India
India's New Infrastructure Lender Plans Debut $610 Million Bond

(Bloomberg) -- India's newly created infrastructure-financing institution is planning a maiden bond issue of 50 billion rupees ($610 million) in the next...

Bond Traders Bet RBI May be Done With Hikes Despite Hawkish Tone
Bond Traders Bet RBI May be Done With Hikes Despite Hawkish Tone

(Bloomberg) -- Some traders in India's bond market are betting that the central bank may have actually reached the peak of its rate hikes, even as the...

Virgin Australia Weighing Debt Financing Plan Ahead of IPO, Sources Say
Virgin Australia Weighing Debt Financing Plan Ahead of IPO, Sources Say

(Bloomberg) -- Virgin Australia Airlines Pty Ltd. is considering taking on new debt in order to hand cash to owner Bain Capital just months ahead of the...

Hesai Raises $190 Million in Biggest Chinese US IPO Since Didi
Hesai Raises $190 Million in Biggest Chinese US IPO Since Didi

(Bloomberg) -- Hesai Group, a developer of sensor technologies used in self-driving cars, has raised $190 million in an initial public offering, the largest ...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments