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Trump administration officials have reportedly proposed including President Donald Trump’s portrait on a new $250 bill.
According to a report by The Washington Post, Trump administration officials have repeatedly urged the Bureau of Engraving and Printing to prepare prototypes of the $250 note.
The push comes from two Treasury Department officials, U.S. Treasurer Brandon Beach and his senior adviser, Mike Brown, according to the report.
The report added that officials in the Trump administration provided prototype designs for the $250 note featuring President Trump’s face in the center. The designs also included the signatures of the President and Treasury Secretary Scott Bessent.
Portraits of living people have been outlawed since 1866, after the face of a mid-level Treasury bureaucrat appeared on a five-cent bill. However, legislation to allow President Trump’s portrait on a new $250 bill was introduced in Congress last year.
“Should this legislative mandate be signed into law, the BEP is moving proactively to produce a $250 commemorative note which will appropriately recognize the 250th Anniversary of our great nation,” the Treasury Department said in a statement, according to the report.
The report added that British painter Iain Alexander made changes to his original design, including a logo to commemorate the 250th anniversary of the U.S. Alexander said that President Trump endorsed his changes.
“He absolutely loved it. He likes to call me his favorite British artist,” he said, according to the report.
Trump Administration Begins Countdown To 250th Anniversary
Meanwhile, the Trump administration has started its countdown to the 250th anniversary of the U.S. “With a single sheet of parchment and 56 signatures, America began the greatest political journey in human history,” said President Trump.
The White House said it is working with government agencies, private companies, nonprofits, educational institutions, and citizens nationwide to mark the historic milestone. As part of the effort, it has launched a new public-private partnership called Freedom 250.
The WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is down 0.4% over the past 12 months, while the Invesco DB US Dollar Index Bullish Fund (UUP) is up 0.7%.
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