US dollar - currency information
According to the international ISO 4217 standard, the US dollar is denoted by the USD code, and its symbol $ is recognized almost all over the world. The dollar is considered to be the most stable currency in the world, and even though its purchasing value has decreased significantly over the centuries, the dollar is still an advantage in the currency market. USD is valid in the United States, Puerto Rico, Panama, Ecuador, El Salvador, East Timor, Zimbabwe, Bonaire, Saba, Sint Eustatius, Micronesia, Northern Mariana Islands, Palau and the Marshall Islands. Most settlements are made in dollars and the values of the most profitable products, such as gold, platinum, food or oil, are determined. The issue of dollars is dealt with by the US Federal Reserve System established in 1913, which has a huge impact on exchange rates, investment funds and stock markets around the world. The American dollar on its banknotes shows the images of the most famous American presidents, such as George Washington, Thomas Jefferson, Abraham Lincoln, Ulysses Grant and other prominent figures such as, for example, treasury secretary Alexander Hamilton, the person who contributed to the creation of the dollar, or Benjamin Franklin - one of the authors of the Declaration of Independence. The coins, both on dollars and cents, bear the slogan "In God we trust", an eagle motif, presidents' images and architectural elements. $ 1 is divided into one hundred US cents, and the following denominations are currently in use: 1, 5, 10, 25, 50 cents and $ 1. In the case of banknotes, these are: 1, 2, 5, 10, 20, 50 and 100 $. The important information is that US banknotes are not paper at all - their composition is 75% cotton and 25% linen. The current USD exchange rate depends on many complex factors, therefore forecasting it is extremely difficult, and even a professional has difficulties in predicting changes in the case of USD / PLN. The dollar is influenced by the most important economic and political events around the world, and its performance is also dependent on the price of gold and oil. Thanks to dollarro.com futures transactions, you do not need to follow the current dollar exchange rate, because our system automatically exchanges currencies at the most profitable moment for you.
The US dollar - currency history
The history of the US dollar is closely related to the history of the formation and development of the United States. The dollar was established in 1785 as the national currency, and its name derives from the word thaler, which was very famous in the 16th century in Europe. Thaler was defined, among others, by silver coins minted in the Czech Republic and those produced in Spanish colonies. The last thalers reached North America, where they began to be called Spanish dollars. There were so many coins in circulation that after independence, the United States decided to accept them as official currency. For a long time, the US dollar has been traded for precious metals, ranging from silver to gold. In 1933, an ordinance was issued that forbade American citizens to possess gold and they had to exchange it for dollars, and a year later the gold price was artificially raised, devaluing the USD exchange rate against gold by about 40%. The ban on the possession of gold by citizens was lifted only in 1974, while at that time the principle of converting the dollar into gold was no longer in force. An interesting fact is that every dollar banknote, regardless of the year of its production, is still legal tender, so even if someone currently has dollars from the nineteenth century, he could easily pay for his purchases with them.