United States Dollar | USD | American Dollar | Dollars

Dollar

United States dollar ($):

Since 1792, US dollar is the official currency of USA and its territories as per its constitution. It is further sub-divided into 100 equal parts called cents. Cents are used in the form of coins whereas dollars of different denominations are circulated as paper currency notes. Although a dollar can be officially subdivided into 1000 parts, the concept remains as a mere theory rather than of any practical use.

In 1971, the convertibility of US dollar into any precious metal has been prohibited and since then US dollar has come to stay as de facto or fiat money. The US dollar is so extensively used worldwide that it is official currency in some countries whereas it is de facto currency in some other countries. De facto currency means that though it is not official currency, it is accepted by general public for transactions.

Code:

USD

Symbol:

$

Super unit:

10 = Eagle

100 = Union

1000 = Grand

1 USD Sub unit:

1/10 = dime

1/100 = cent (¢), common name is Penny

1/1000 = mil (₥)

Banknotes:

$1, $2, $5, $10, $20, $50, $100

Coins:

1¢, 5¢, 10¢, $¼, $½, $1

Central Bank:

Federal Reserve System

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Discontinued coin denominations:

  • Half cent: ​12¢ (1793–1857)

  • Fugio Cent: 1¢ (1787)

  • Two-cent piece: 2¢, (1863–1873)

  • Three-cent bronze: 3¢, 1863 (not circulated)

  • Three-cent nickel: 3¢, (1865–1889)

  • Trime: 3¢, )1851–1873)

  • Half dime: 5¢, )1792–1873)

  • Twenty-cent piece: 20¢, (1875–1878)

  • Gold dollar: $1.00, (1849–1889)

  • Quarter eagle: $2.50, (1792–1929)

  • Three-dollar piece: $3.00, (1854–1889)

  • Stella: $4.00, (not circulated)

  • Half eagle: $5.00, (1795–1929)

  • Eagle: $10.00, (1984–2003)

  • Double eagle: $20.00, (1849–1933, 2009)

  • Half-union: $50.00, )1877) (pattern only), 1915 (Panama–Pacific International Exposition coin)

  • Union: $100.00, (2015) (High relief; not circulated)

dollar

Other Official user countries:

East Timor, Ecuador, EI Salvador, Federated States of Micronesia, Marshall Islands, Palau, Panama, Zimbabwe

Most traded currencies:

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