"The move announced by the US Department of the Treasury on Thursday marks a first for a sitting president. Until now, US banknotes have featured the signature of the Treasury secretary and the treasurer."
"US Treasury Secretary Scott Bessent said Trump had put the country on a path towards unprecedented economic growth and fiscal strength and stability, and the change would recognise his historic achievements."
"California Governor Gavin Newsom, who is widely seen as a frontrunner for the Democratic nomination for president in 2028, mocked the Treasury's announcement, stating, 'Now Americans will know exactly who to blame as they're paying more for groceries, gas, rent, and health care.'"
"Critics likened the move to the behaviour of dictators and monarchs, as it relied on a loophole in a law that prohibits depictions of living presidents on circulating currency."
The US Department of the Treasury announced that President Trump's signature will be featured on US currency for the first time, commemorating the 250th anniversary of Independence Day. Traditionally, US banknotes have displayed the signatures of the Treasury secretary and treasurer. Treasury Secretary Scott Bessent stated that this change recognizes Trump's contributions to economic growth and fiscal stability. Critics, including California Governor Gavin Newsom, have mocked the decision, suggesting it allows Americans to blame Trump for rising costs. The announcement follows the approval of a commemorative gold coin featuring Trump's image.
Read at www.aljazeera.com
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