The proposal aims to commemorate the president's economic policies with a new currency denomination

US Republican Congressman Joe Wilson has announced plans to introduce legislation to create a $250 bill featuring President Donald Trump's image.

The initiative is part of a broader effort by some Republican lawmakers to honor Trump for his economic policies. Wilson shared an edited image of the proposed bill on social media on Wednesday.

"Grateful to announce that I am drafting legislation to direct the Bureau of Engraving and Printing to design a $250 bill featuring Donald J. Trump," the congressman declared in a post on X.

The lawmaker cited economic challenges as a motivation for the proposal, asserting that inflation had increased the need for higher-denomination currency.

"Bidenflation has destroyed the economy forcing American families to carry more cash. Most valuable bill for most valuable President!" he remarked.

Current US law prohibits depicting living individuals on currency, which would necessitate legal amendments for this proposal to proceed.

In a similar initiative to honor the president, Representative Anna Paulina Luna of Florida introduced a measure last month to add Trump's likeness to Mount Rushmore. The proposal calls for the secretary of the interior to arrange for the carving of Trump's face on the national monument, which currently includes George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln.

Other congressional Republicans have suggested various other tributes, including establishing a public holiday on Trump's birthday and allowing him to seek a third presidential term.

The Treasury Department, which is responsible for the design of the currency, traditionally chooses for depiction historical figures whose contributions are widely recognized. Implementing Wilson's proposal would require not only legislative changes but also a departure from longstanding practices regarding US currency design.