Friday, January 27, 2023

Banknotes in the US will include the signatures of 2 women for the first time

Treasury Secretary Janet Yellen marked a milestone in American history when she unveiled a new $5 bill signed by two women for the first time.

Yellen’s signature will appear next to that of National Treasurer Lynn Malerba, the first Native American in that position.

Yellen joked about the poor handwriting of some of her male predecessors during a visit to a mint in Texas, saying: “I admit, I had a good time practicing my signature.”

“The first time having two women on a coin is really important,” added Malerba, who accompanied Yellen to the Treasury Department’s office of engravings and printing in Fort Worth, Texas, to have them both sign it.

In a ceremonial manner, both the officials signed new sheets of bills in denominations of $1 and $5 and posed for a photograph with the samples to mark the historic moment. The new bank notes will come into circulation next year.

Yellen earned a reputation as a stoic Federal Reserve chair and keen forecaster, and is now known for using economic leverage to help stop Russia’s war in Ukraine, using fiscal policy to protect the planet from climate change. And is at the helm of a wider effort to oversee the massive effort. To consolidate the embattled National Revenue Agency, the IRS.

That puts it at the center of national and global politics as the United States grapples with inflation that hit a 40-year high this summer and raised fears of a possible recession.

As Yellen looked at new bills printed with her signature, her comments focused on the achievements of the Biden administration rather than her status as the first woman to head the Treasury Department.

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Bock and Darlene Superville reported from Washington.

Nation World News Desk
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