A slang term for cash money is “dead presidents.” But now the very much alive President Donald Trump could appear on U.S. coins and banknotes, too.

Ever since Trump returned to power in 2025, his administration has put the president’s face and name on all sorts of things, from federal buildings to national park passes. Putting him on the almighty dollar would be the crowning achievement of these efforts. After all, the value of physical U.S. currency in circulation today stands at over US$2.46 trillion, an all-time high.

If a sitting president’s portraits start appearing on U.S. currency, what would this change say about American political culture?

Treasury Secretary Scott Bessent has said he doesn’t “think that there’s anything untoward” about the idea, while Democratic Sen. Jeff Merkley has said, “President Trump’s self-celebrating maneuvers are authoritarian actions worthy of dictators like North Korea’s Kim Jong Un.”

As a professor of international relations who has studied the global evolution of currency iconography for over 20 years, I take a worldwide perspective on this debate. The data that I have amassed shows that such a choice by the U.S. would be out of step with nearly every other currency in the world.

All about the Benjamins – or the Donalds?

The Trump administration has been incredibly active on the currency front.

In January 2026, Trump’s handpicked commissioners of the U.S. Commission of Fine Arts, a federal agency that advises on design and aesthetics, recommended designs for a circulating $1 coin featuring Trump’s head. The commission later also recommended a different portrayal of Trump for a 24-karat gold........

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