The event is historic: for the first time in history, the signature of a sitting president of the country will be imprinted on the national currency.
“There is no better way to celebrate the historic accomplishments of our great country and President Donald J. Trump than to [issue] U.S. dollars with his name on them,” Bessent said.
According to the minister, stamping Trump’s signature on the nation’s currency is “not only appropriate, but well deserved.” He reasoned that the president has made a significant contribution to the nation’s history by becoming “the architect of the golden age of the U.S. economic revival.”
As specified by Reuters, the updated banknotes, the issue of which is timed to coincide with the 250th anniversary of U.S. independence, for the first time in 165 years will not contain the signature of the Treasurer, who reports to the Secretary of the Treasury and oversees the Bureau of Engraving and Printing, the U.S. Mint and other functions of the agency.
The first $100 bills with Trump and Scott Bessent’s signature will be printed in June, followed by other bills in the following months, the news outlet reported.
Currently, the U.S. Treasury Department continues to issue bills bearing the signatures of former Treasury Secretary under President Joe Biden – Janet Yellen – as well as former Treasurer Lynn Malerba.
Malerba will be the latest in an unbroken line of treasurers whose signatures have been placed on U.S. federal currency since 1861, when the U.S. government first began issuing it.
The signature change was the latest move by the Trump administration and its allies to place the president’s name on buildings, institutions, government programs, warships and coins. The Federal Arts Council, whose members were appointed by Trump, last week approved the design of a commemorative gold coin bearing his image.
In Moldova, the money is signed by the governor of the National Bank.
