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Note for Trump: US Treasury designs US$250 bill with president’s face
US President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on national institutions. A proposal for the new bill, featuring a glaring Trump, was first reported on Thursday by The Washington Post. If carried out, it would be the first time the image of a living person - let alone a president - had appeared on US currency in a century and a half. “Right now there is proposed legislation - front of the...
China among top gold buyers as bullion overtakes US Treasuries in global reserves: ECB
China is one of the world’s largest buyers of gold as central banks shift towards the precious metal, which has overtaken US Treasuries to become the world’s top reserve asset amid higher valuations and its appeal as a geopolitical hedge, the European Central Bank said. The world’s second-largest economy was the fourth-largest per-country buyer of gold in 2025 after Poland, Kazakhstan and Brazil, purchasing about 25 tonnes, the ECB stated. It estimated that China had bought more than 350...
US Treasury secretary confirms plans for $250 bill featuring Trump’s face
Proposed $250 bill would mark the first time a living person has appeared on US currency in more than a century.
Gold replaces US Treasuries as world’s top reserve asset, ECB says
Historic bullion rally boosts metal’s share of reserves to 27% while central banks diversify away from dollar
Trump on a $250 bill? US Treasury pushes for first banknote featuring a living president
According to a new report by the Washington Post, Donald Trump's team is pushing for his face to appear on a new $250 bill to mark the USA's 250th anniversary. That would make him the first living person to appear on US currency in more than 150 years. Trump allies allegedly pressured staff at the Bureau of Engraving and Printing, and "abruptly reassigned" the director when she expressed concerns about federal law, which states that only the deceased can appear on US banknotes.
Treasury warns banks of 'red flags' tied to customers in the US illegally
Treasury warns banks of 'red flags' tied to customers in the US illegally The Treasury's financial crimes unit is warning banks about the risks of serving people living in the country illegally - Bookmark Treasury’s financial crimes arm wants banks to help identify payroll schemes tied to people living in the country illegally, as part of the Trump administration's latest measure to clamp down on immigration. The Financial Crimes Enforcement Network — also known a FinCEN — issued an advisory...
US eyes Iranian assets for Gulf allies' reconstruction, source says
US eyes Iranian assets for Gulf allies' reconstruction, source says US Treasury Secretary Scott Bessent has directed a team to assess costs for damages already inflicted on Gulf allies by Iran, the source said. The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches. US Treasury Secretary...
Treasuries Set for Best Week Since War Began as Oil Retreats
The US Treasury Department building in Washington.