U.S. President Donald Trump’s signature will appear on American paper currency, marking the first time a sitting president’s name is printed on U.S. banknotes, the Treasury Department announced.

The move is part of broader efforts to commemorate the nation’s 250th anniversary. Traditionally, U.S. currency has carried the signatures of the Treasury secretary and the U.S. treasurer, a practice that dates back to the introduction of paper money in 1861.

Treasury Secretary Scott Bessent described the decision as a recognition of Trump’s economic legacy. “The president’s mark on history as the architect of America’s Golden Age economic revival is undeniable,” Bessent said in a statement. “Printing his signature on American currency is not only appropriate, but also well deserved.”

The change comes amid ongoing economic concerns among Americans, including rising inflation and the high cost of living. Increasing oil prices linked to tensions involving Iran have further added to public unease.

Trump’s signature will not be the only representation of the president on U.S. currency this year. A federal commission has approved a design featuring his image on 24-karat commemorative gold coins tied to the anniversary celebrations, though final approval from the Treasury is still pending.

This is not the first time Trump’s name has appeared on official government-issued financial instruments. In 2020, his name was printed on COVID-19 stimulus checks distributed during the pandemic.

The decision to include his signature on currency is the latest in a series of initiatives seen as reinforcing his imprint on federal institutions. His name has also been associated with national cultural institutions, policy programs, and proposed government projects in recent years.