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 MnuchinSecurity for Trump's Mar-a-Lago visits cost local taxpayers million On The Money — Presented by Wells Fargo — Senate approves Trump trade deal with Canada, Mexico | Senate Dems launch probe into Trump tax law regulations | Trump announces Fed nominees Senate Democrats launch investigation into Trump tax law regulations MORE said Thursday that the Treasury Department could scrap plans finalized under President Barack ObamaBarack Hussein ObamaBiden breaks away from 2020 pack in South Carolina National Archives says it altered Trump signs, other messages in Women's March photo Climate 'religion' is fueling Australia's wildfires 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.