+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

TREASURY SECRETARY: We never said we're taking Alexander Hamilton off our currency

Jul 10, 2015, 19:12 IST

It might not be over for Alexander Hamilton.

Advertisement

Treasury Secretary Jack Lew made a hint on Friday morning that the founding father will continue to be honored on the United States currency.

"We're not taking Alexander Hamilton off our currency. We never said we were," Lew said in a talk with Politico's Ben White in New York.

"The decision we made is that after 100 years it is time for a woman to be back on our currency, and we can't wait any longer."

But, he said, there a number of ways to do that.

Advertisement

He explained that the redesign is decided on by a panel of experts, and the sequence of bills that are updated is based on "a pretty important criteria - security."

The $10 bill has been next in line for a redesign for several years.

But Lew emphasized that he is committed both to having a woman on the currency and to honoring Alexander Hamilton.

He did not go into further detail, but noted that he works under a life-size portrait of the founding father, and probably reads more about Alexander Hamilton "than a lot of the people that are jumping up and being his defenders."

"He's one of my heroes," Lew said. "He will be fully honored in this decision."

Advertisement

NOW WATCH: This Andy Warhol painting of the US dollar just sold for $32.8 million at auction

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article