MercoPress. South Atlantic News Agency

US new Lincoln 'greenback' is purple and gray

A new $5 bill, with enhanced security features, will enter circulation in early 2008, a new $100 bill will follow but an official introduction date has not been set.

The term "greenback" may be going out of style when it comes to the new $5 bill. The newest, high-tech Lincoln five-dollar bill was unveiled this morning by U.S. government officials just as the U.S. dollar hit an all-time low against the euro. The newest $5 bill represents the latest technology in the ongoing quest to thwart global counterfeiters, as it features newer pastel colors and watermarks of the number 5 instead of a watermark like the one used on the $100 bill (featuring Benjamin Franklin's head). The security thread has been moved to a different location than in the $100 bill. The $5 bill was not actually going to be redesigned until U.S. customs officials saw that counterfeiters were bleaching existing $5 bills and printing $100 values on them due to the security thread being in the same place on both bills. Also, the border around Lincoln's head has been removed and a series of purple stars (with small, yellow 5 numerals) will take its place. The center of the bill also features a purple color that fades into gray at the bill's edges.