President Donald Trump's signature will appear on newly printed US paper currency, the Treasury Department announced Thursday, marking the first time a sitting president's name will appear on legal tender.

To accommodate this unprecedented change, the treasurer's signature will be removed from bills for the first time since 1861, ending a 165-year tradition. Dollar bills have historically featured the signatures of both the US treasurer and treasury secretary.

The Treasury Department confirmed the decision Thursday evening, stating that Trump's signature will be added to new paper currency production. This represents a significant departure from standard practice, as no sitting president has previously had their signature featured on US currency.

According to multiple reports, the change is being made to mark America's upcoming 250th anniversary. The modification will affect newly printed bills going forward, though the Treasury Department has not specified which denominations will include the presidential signature or provided a timeline for when the new currency will enter circulation.

The last time the treasurer's signature was removed from US currency was in 1861, making this decision historically significant in terms of currency design and presidential precedent.