Get rid of your twenty dollar bills before it’s too late! The U.S. Treasury Department says it will be taking the value of a $20 bill down to zero while an investigation into the delay of the Harriet Tubman $20 bill is underway.
Secretary of the Treasury Steven Mnuchin explained the drastic measure.
“At this time we are uncertain where most of the Tubman twenties have gone,” Mnuchin stated. “So about 8.9 billion $20 bills, or one hundred seventy-eight billion dollars is missing.”
Mnuchin says that in all likelihood the Harriet Tubman $20 bill idea will be scrapped, even if the money is found.
“Due to the mass-scale tampering that’s taken place, the money is not considered to be reliable currency anymore,” Mnuchin stated. “We’ll go back to using our old $20 bills after the investigation concludes in fall of 2020.”
The current $20 bill will lose all value beginning on July 1st. In the meantime, President Trump has ordered the issuing of new $19 and $21 bills featuring Jefferson Davis and David Duke in order to “balance out the whole situation.”