Disney Dollars, a popular souvenir item and an in-house currency at Disney parks, will no longer be sold.

A Disneyland statement confirmed on Thursday the once popular currency, which could only be used at Disneyland and Walt Disney World, would be terminated effective Saturday.

The Disney Dollars currently in circulation can still be used.

"It's a testimony to the enthusiasm and heart of Disney guests and collectors that Disney Dollars remain collectible today," the Disneyland statement said. "We continue to offer many ways to collect cherished Disney memories in tangible ways."

Gift cards and other forms of payment made the Disney Dollars obsolete.

Disneyland's first president, Jack Lindquist, invented Disney Dollars because of the Anaheim and Orlando theme park's growing popularity in the mid-1980s. The first runs were unveiled and circulated on May 5, 1987.

"We set the criteria that our Disney money would always be tied to the price of the U.S. currency, so if a dollar is worth a dollar, a Disney Dollar would be worth a U.S. dollar," Lindquist said in his memoir, "In Service to the Mouse." "That way, the money could be spent in the parks, the same way U.S. currency is."

Disney Dollars featured pictures of Mickey Mouse, Donald Duck and other characters. They were sold at the theme parks in denominations of $1, $5, $10, $20 and $50.

Disney Dollars were produced with the same level of security, "care and concern as any other currency," Lindquist said.

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BREAKING: Disney Dollars to be Discontinued May 14th, 2016 (http://wdwnt.com/blog/2016/05/breaking-disney-dollars-to-be-discontinued-may-14th-2016/)