President Donald Trump’s signature will be added to future U.S. paper currency, the Treasury Department announced Thursday.

Trump will become the first sitting president whose name will appear on currency.

It follows efforts to create two coins with his image on them, a $1 coin and a special 24-karat commemorative gold coin.

President Calvin Coolidge was the only sitting president to have a coin with his image on it.

Federal law says no living president can appear on U.S. currency, though the administration has argued the restriction does not apply to coins.

“Under President Trump’s leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability,” Secretary of the Treasury Scott Bessent said in a statement on Thursday.

“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” he added.

The Treasury said the decision was in honor of the 250th anniversary of the United States.

Last week, the federal Commission of Fine Arts officially voted to approve a new 24-karat commemorative gold coin featuring President Donald Trump, amid backlash from Democrats and other stakeholders.  

The image included in the proposal is based on a photo taken of Trump in the White House.