WASHINGTON, D.C. –
It’s all about the Obamas, Baby. The United States Mint, the organization responsible for printing and pressing all of the nation’s currency, has announced today that President Barack Obama is going to be the new face of the U.S. $50, which currently features president Grant.
“Most people cannot even name the person on the $50, and we have been looking to change it for some time,” said U.S. Mint chairman Michael Rafael. “President Obama has been instrumental in making some of the best changes that this country has ever gone through, and together with congress, we have decided to immortalize the president by having his face appear on new bills.”
The new United States fifties will begin being pressed later this year, after the mint develops the metal presses needed to print the bills. Although they will start being printed later in 2016, Rafael says that they will not see public circulation until 2017.
“We do not want to release the bills while the president is still active in his seat in the White House,” said Rafael. “We will start releasing the bills as soon as Bernie Sanders is sworn in as our next elected official.”