US currency may get new designs to make them more identifiable to the blind and visually impaired, but implementing changes could cost billions of dollars, a new study reveals.
The Bureau of Engraving and Printing (BEP) announced that it initiated and has received a comprehensive report entitled Study to Address Options for Enabling the Blind and Visually Impaired Community to Denominate U.S. Currency.
"This study is the next step in providing meaningful access to currency for the blind and visually impaired," said Larry R. Felix, Director of the BEP.
The report, which the BEP received on July 28 and made available to the public on August 7, consisted of three phases:
- Phase one — conducted data analysis and gathered information regarding the demographics of the blind and visually impaired community and their characteristics, opinions, and needs related to using currency.
- Phase two — examined different technologies, features, and methods currently available, which could potentially improve access to U.S. currency.
- Phase three — provided an economic cost-benefit analysis of different accommodation options that address the needs of persons who are blind and/or otherwise visually impaired. It examined the cost to the public and private sectors and the effectiveness of these potential solutions.
Possible solutions to make notes more easily read include:
- Varying note colors and contrasts
- Differing sizes in currency widths and/or lengths
- Adding tactile enhancement to notes, like notches, raised dots, or raised print
- Use of personal currency readers
Price for varying note sizes by length were estimated at more than $9.5 billion for the first year. Both width and length changes could cost more than $10.6 billion. Notched notes tested better with blind research participants, and had estimated implementation costs of more than $6.6 billion. Adding raised dots or print would also likely cost more than $6.6 billion
The Bureau, along with the Department of the Treasury and the Federal Reserve, are expected to deliberate on the study findings, issue their respective recommendations and seek public input to help determine the best direction(s) to take.
Upon completion of the public comment period, the final recommendations will be forwarded to the Secretary of the Treasury who has the authority to determine if and what changes will be made to US currency. Note designs are routinely updated every 7 to 10 years, but it is not certain when any changes for the blind and visually impaired would be implemented.
Earlier efforts by the U.S. government to improve the currency to help the public more readily identify differing denominations included new designs made in 1996 and in 2004 to feature larger, high-contrast numerals on the back of the notes and the inclusion of a machine-readable feature with the Series 1999 currency.