Dollar rate 10/01/2024 – 07:00
US Dollar (USD) – US currency meaning and exchange rate
dollar It is the official currency of the United States, as well as Puerto Rico, Micronesia, the Northern Mariana Islands, the Marshall Islands, Panama, Ecuador, El Salvador, East Timor, Zimbabwe, the Turks and Caicos Islands, Bonaire, Saba, and St. Eustatius. . The dollar symbol is this sign: $. It is the most commercially popular currency in the world.
One dollar is divided into one hundred cents.
The dollar as a currency was originally based – both in appearance and value – on coins used in the Spanish part of America in the 16th and 19th centuries. The first US dollars, in the form of coins, were issued by the United States Mint, which was established in 1792.
In 1857, the United States stopped accepting other coins – among others. Mexican peso – For official currencies, only the dollar remains on the list. The first dollar bills appeared in 1861, during the Civil War. Due to the characteristic color of banknotes, they were called “green” even then. In 1869, a standard was created for printing dollar bills.
The dollar became the most important currency in the world after the Bretton Woods Conference in 1944. During the conference, the International Monetary Fund was established and the dollar was established as the main international currency, then still based on gold parity. This principle was followed until the 1970s, when the gold standard was abolished and the US currency became floating. However, the dollar remained the most important global currency.
The monetary policy towards the dollar is carried out by the Central Bank of America, the so-called Fed, also called the Federal Reserve.
There is currently more than $2 trillion in cash in circulation. in July 2022 for the first time since 2002. The dollar equaled the euro in valueParity was reached – this means that one dollar was worth one euro.
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