The United States Dollar (USD), symbolised as $, is the official currency of the United States and one of the most influential currencies globally. Introduced in 1792, the USD is divided into 100 cents and has become the world’s primary reserve currency. The Federal Reserve, commonly known as The Fed, is responsible for issuing and regulating the USD, ensuring its stability and circulation.
Known for its iconic green banknotes, often called "greenbacks," the USD features prominent American figures and symbols that reflect the nation's history and values. These notes symbolise the U.S. economy and a global standard in trade and finance.
The USD’s dominance is underpinned by the U.S. economy, the largest in the world, driven by diverse sectors such as technology, finance, manufacturing, and services. As a freely floating currency, the USD’s value is determined by market forces, making it a key player in the global foreign exchange (forex) market.
This blog will explore the USD's history, value, economic impact, and factors influencing its strength and stability.
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