Treasury Secretary Jack Lew and Hamilton creator Lin-Manuel Miranda met last month in Washington. (Courtesy of the U.S. Department of the Treasury )

For the first time in over a century, U.S. paper currency is going to feature a woman. And as was widely reported earlier today, that woman will be the legendary Harriet Tubman—replacing Andrew Jackson on the $20. Amid a swirl of press reports, the Treasury Department finally came out this afternoon with the official details of a plan to revamp the $5, $10, and $20 bills.

Last summer, the Treasury said that an update to the $10 bill (which was originally announced in 2013) would feature a woman. But things got complicated from there, with lobbying to instead re-do the $20 or create a $25 bill with a female honoree.

Instead, Treasury Secretary Jack Lew said in an open letter that he has accelerated plans for redesigning the $5, $10, and $20 notes.

Despite the historic nature of Tubman replacing Jackson, the first one to hit our wallets will be the $10 bill, which needs to be redesigned for security purposes.

“As I said when we launched this exciting project: after more than 100 years, we cannot delay, so the next bill to be redesigned must include women, who for too long have been absent from our currency,” Lew wrote, of a compromise for the bill.

Hamilton fans (of both the man and the musical) will be relieved to learn that his visage will still grace the front of the note. The flip side, though, will feature an homage to the Women’s Suffrage Parade of 1913 (thousands marched from the Capitol to the Treasury Building) and leaders of the women’s suffrage movement: Susan B. Anthony, Alice Paul, Sojourner Truth, Elizabeth Cady Stanton, and Lucretia Mott.

As for the $5 bill, Abraham Lincoln’s portrait will remain on the front, but the back will feature historic events that occurred at the Lincoln Memorial, including Marian Anderson’s 1939 performance and Martin Luther King, Jr.’s “I Have a Dream” speech.

And while many are rejoicing that Tubman is replacing Jackson on the $20, the 7th president isn’t going away entirely. Jackson and the White House will be depicted on the reverse side.

The final designs—which are guided by the theme “An Era of Democracy”—won’t be unveiled until 2020, coinciding with the 100th anniversary of the 19th amendment. “Our goal is to have all three new notes go into circulation as quickly as possible, while ensuring that we protect against counterfeiting through effective and sophisticated production,” Lew said. The $10 note will go into circulation first, and it will include a tactile feature to help the blind and visually impaired in addition to the enhanced security measures.

And in case you were wondering, Lin-Manuel Miranda is pleased:

Filed Under: $10, $20 bill, $5, hamilton, harriet tubman, jack lew, jackson, money, treasury, us treasury,