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Mnuchin: Treasury could scrap plans to replace Jackson on $20 bill

Mnuchin: Treasury could scrap plans to replace Jackson on $20 bill
© Keren Carrion

Treasury Secretary Steven MnuchinSteven Terner MnuchinOvernight Tech: Judge blocks AT&T request for DOJ communications | Facebook VP apologizes for tweets about Mueller probe | Tech wants Treasury to fight EU tax proposal Overnight Regulation: Trump to take steps to ban bump stocks | Trump eases rules on insurance sold outside of ObamaCare | FCC to officially rescind net neutrality Thursday | Obama EPA chief: Reg rollback won't stand Big tech lobbying groups push Treasury to speak out on EU tax proposal MORE said Thursday that the Treasury Department could scrap plans finalized under President Barack ObamaBarack Hussein ObamaOvernight Energy: Dems ask Pruitt to justify first-class travel | Obama EPA chief says reg rollback won't stand | Ex-adviser expects Trump to eventually rejoin Paris accord Overnight Regulation: Trump to take steps to ban bump stocks | Trump eases rules on insurance sold outside of ObamaCare | FCC to officially rescind net neutrality Thursday | Obama EPA chief: Reg rollback won't stand Ex-US ambassador: Mueller is the one who is tough on Russia MORE to replace President Andrew Jackson on the front of the $20 bill with Harriet Tubman.

Mnuchin told CNBC that he’s not focused on the planned currency changes, and wouldn’t commit to following through on them.

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He said the primary reason the Treasury changes the design of bills is to prevent counterfeiting, something Obama administration officials also emphasized when announcing the changes in April 2016.

“It’s not something that I’m focused on at the moment” Mnuchin said. “The issues of why we change it will be primarily related to what we need to do for security purposes.”

The Treasury Department announced changes to the $20, $10 and $5 bills last year. The department initially planned to place Jackson's image with an image of the White House on the back of the $20 bill.

New designs for the back of the $10 bill featured leaders of the suffrage movement, while the back of the $5 bill would feature depictions of historic civil rights events at the Lincoln Memorial.