According to a senior government source, the $20 bill will be redesigned to feature a woman on the front, while Alexander Hamilton will remain on the $10 bill, reports CNN Money.
Treasury Secretary Jack Lew is expected to make the official announcement this week.
Lew announced last summer that he was considering redesigning the $10 bill to include the portrait of a woman. The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.
"When we started this conversation not quite a year ago, it wasn't clear to me that millions of Americans were going to weigh in with their ideas," he told CNBC. "We're not just talking about one bill. We're talking about the $5, the $10, and the $20. We're not just talking about one picture on one bill. We're talking about using the front and the back of the bill to tell an exciting set of stories."
Along those lines, Lew also plans to announce this week that Andrew Jackson — a less beloved former president whose face graces the front of the $20 bill — will be removed in favor of a female representing the struggle for racial equality, according to the government source.
The $20 bill redesign, however, is not due to be completed until 2030, at the earliest.
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