will begin printing greenbacks bearing President Donald Trump鈥檚 signature later this year, according to the Bureau of Engraving and Printing.
Treasury Secretary Scott Bessent announced March 26 that the president鈥檚 name will appear on all bills in honor of the nation鈥檚 250th anniversary. The money factory in Washington, D.C., is already producing the new notes, said Lydia Washington, spokesperson for the Bureau of Engraving and Printing.
The Bureau of Engraving and Printing鈥檚 Western Currency Facility in Fort Worth, which produces half of the nation鈥檚 currency, currently produces $1, $20 and $50 denominations, Washington said.
Both printers 鈥渨ill ultimately produce denominations with the president鈥檚 signature,鈥� Washington said.
The release of the first of the 鈥淭rump bills鈥� into circulation will take place in June ahead of the 250th anniversary of the U.S., according to The New York Times.
鈥淭here is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the semiquincentennial,鈥� Bessent said in a statement.
Treasury officials to assure their legitimacy against counterfeiting during the Civil War.
However, a portrait of Abraham Lincoln when he was president.
Paper bills have been signed by the U.S. secretary of the treasury and the treasurer since 1914.
Trump鈥檚 signature will take the place of Treasurer Brandon Beach, a former Georgia state senator who was appointed by Trump. Beach said he welcomed having the president on the currency.
鈥淎s the 250th anniversary of our great nation approaches, American currency will continue to stand as a symbol of prosperity, strength and the unshakable spirit of the American people under President Trump鈥檚 leadership,鈥� Beach said.
The move does not require congressional approval since the treasury secretary has authority on who signs the currency and on anti-counterfeit measures.
U.S. Rep. Marc Veasey, D-Fort Worth, compared Trump to Saddam Hussein, the autocratic Iraqi president who was overthrown in 2003 by U.S. coalition forces.
鈥淩eminds me of Saddam鈥檚 pic plastered all over Iraq, before he was dethroned,鈥� Veasey said.
Rep. Pete Sessions, R-Waco, said he initially thought no one beyond the signatures of the treasury secretary and treasurer were eligible to appear on U.S. currency.
鈥淚 think he will be the first president to achieve this effort,鈥� Sessions said.
Other proposals in Congress propose placing Trump鈥檚 image on the paper currency.
Federal law only allows money to feature .
U.S. Rep. Brandon Gill, R-Flower Mound, introduced a bill to put Trump on the $100 note and Rep. Joe Wilson, R-South Carolina, has a bill to create a new commemorative denomination of $250 for the 250th anniversary.
However, that are not intended for circulation and everyday use.
Trump鈥檚 portrait will be on a 24-karat gold commemorative coin that was approved by the U.S. Commission of Fine Arts for the nation鈥檚 250th anniversary.
Maria Recio is a freelance reporter based in Washington, D.C.
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