The U.S. Treasury Department is preparing design mock-ups for a new $250 [1] banknote featuring the portrait of former President Donald Trump.

The move represents a significant shift in currency design and the introduction of a high-denomination bill not commonly used in modern American commerce. Such a change would alter the physical composition of U.S. currency and tie a specific political figure to the nation's legal tender.

Treasury Secretary Scott Bessent is leading the efforts to develop the bill [1]. The department has taken limited steps to create the design as part of broader currency-design initiatives [2], officials said. The process involves creating visual prototypes to determine how the portrait and security features will appear on the new note [3].

The proposed denomination of $250 [1] would sit between the $100 and $500 bills, though the latter has not been in general circulation for decades. The Treasury Department has not yet released a timeline for when the bill would be printed or distributed to the public [2].

Officials in Washington, D.C., have confirmed that the project is currently in the mock-up phase [2]. The Treasury is exploring how the new bill fits into the current monetary system, and the specific design elements required to prevent counterfeiting [3].

This initiative follows a pattern of Treasury efforts to update the imagery on U.S. currency. The department is currently focusing on the technical aspects of the design before moving toward any formal implementation [1].

The U.S. Treasury Department is preparing design mock-ups for a new $250 banknote.

The introduction of a $250 bill featuring a former president would be a rare departure from U.S. currency tradition, where portraits typically honor figures of long-standing historical consensus. By introducing a high-denomination note, the Treasury may be addressing specific transactional needs or making a symbolic political statement about the legacy of the 45th president.