The new $10 bill will feature a woman with Alexander Hamilton, the U.S. Treasury announced late on Wednesday.
Treasury secretary Jack Lew announced the process of redesigning the $10 bill.
The Treasury said in a statement:
“The next generation of currency, starting with the new $10 note, will include various design features that celebrate democracy. In keeping with that theme, Treasury Secretary Jacob J. Lew has decided that the new $10 note should feature a woman who was a champion for our inclusive democracy.”
Lew will announce who has been selected later this summer. Eleanor Roosevelt, Harriet Tubman, Susan B. Anthony, and Rosa Parks have all previously been suggested to be featured on U.S. currency, The Guardian reports.
Lew is asking the public who they think should be on the bill, as well as what symbols of democracy it should feature. The Treasury is urging individuals to spread the word about the redesign by tweeting with the “#TheNew10″ to share what democracy means to them.
The bill is expected to be unveiled in 2020, which is the 100th anniversary of the U.S. Constitution’s 19th amendment that gave women the right to vote.
Hamilton, who is currently featured on the note for helping to found our country and entire financial system, will continue to remain part of the $10 bill in some way, either by also incorporating him in the new design, or by producing several versions.
This will be the first time in 119 years that a female historical figure will appear on U.S. paper currency.
The last woman featured on paper money was Martha Washington, who was on a dollar silver certificate from 1891 to 1896. The only other woman ever featured on U.S. paper money was Pocahontas, from 1865 to 1869. Susan B. Anthony and Sacagawea are on dollar coins.
The Treasury said that currency is primarily redesigned to prevent counterfeiting. The $10 bill was recommended by the Advanced Counterfeit Deterrence Steering Committee for redesign in June, 2013.
There are $10 bills with a face value of $1.3 trillion in circulation around the world and more than a billion $10 bills alone are printed each year.