US Dollar

The US dollar is the official currency of the United States and remains the most widely traded currency worldwide, followed by the euro and the Japanese yen. Represented by the currency code USD and the $ symbol, it is classified as a fiat currency. The dollar’s conversion factor includes six significant digits, ensuring precise calculations in financial transactions.

Country of Origin
United states of America
Symbol
$
Currency Code
USD
Nick Name
Buck (1 USD), C-Note (100 USD)
Mirror units
Cent
Background

History of the US Dollar

The history of the US Dollar is a rich narrative that mirrors the nation's economic growth and its responses to evolving challenges.

1. Early Colonial Period (Before 1775):
Betore 1//5, American colonists used a mix of English, Spanish, and French currencies while under British rule When the Revolutionary War began, the Continental Congress introduced its own money, called "Continental Currency." However, it quickly depreciated in value, giving rise to the expression "not worth a Continental."

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