African-American abolitionist leader Harriet Tubman will be featured on the new $20 bill. Alexander Hamilton is also staying put on the face of the $10 bill.
U.S. Treasury Secretary Jack Lew made the currency announcement Wednesday.
Tubman's image will replace that of Andrew Jackson on the front of the new $20 bill. Jackson, who was a slave owner, will appear on the back of the redesigned $20.
"The decision to put Harriet Tubman on the new $20 was driven by thousands of responses we received from Americans young and old," Lew said in an open letter. "I have been particularly struck by the many comments and reactions from children for whom Harriet Tubman is not just a historical figure, but a role model for leadership and participation in our democracy. You shared your thoughts about her life and her works and how they changed our nation and represented our most cherished values."
The $10 and $5 bills are also getting a redesign.
The Treasury Department initially considered replacing Alexander Hamilton with a female on the front of the $10 bill, but dropped the idea after encountering public opposition. Hamilton will remain on the front, and an image of the 1913 suffrage march and demonstration at the Treasury Department will be included on the back of the new $10 bill.
"The new $10 design will depict that historic march and honor Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul for their contributions to the suffrage movement," Lew said.
The back of the $5 bill is also being changed and will pay tribute to two historic events that occurred at the Lincoln Memorial. They include African-American opera singer Marian Anderson's 1939 performance and the 1963 "I Have A Dream" speech by Martin Luther King Jr.