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The Joachimsthaler of the Kingdom of Bohemia was the first thaler (dollar). Dollar is the name of more than 25 currencies.The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives.
The dollar is the most widely used currency in international transactions, [4] and a free-floating currency. It is also the official currency in several countries and the de facto currency in many others, [5] [6] with Federal Reserve Notes (and, in a few cases, U.S. coins) used in circulation.
The East Caribbean dollar is the most used currency by the number of countries in the Caribbean utilizing it. The East Caribbean dollar is pegged to the United States dollar, and has been for over 35 years since 1976, [11] having previously been pegged to the pound sterling. [11]
Countries that have made legal agreements with the EU to use the euro: Andorra, Monaco, San Marino, Vatican City Countries that unilaterally use the euro: Montenegro , Kosovo Currencies pegged to the euro: Cape Verdean escudo , CFA franc , CFP franc , Comorian franc , Bulgarian lev , Bosnia and Herzegovina convertible mark , São Tomé and ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
In the absence of an international mechanism tying the dollar to gold via fixed exchange rates, the dollar became a pure fiat currency and as such fell to its free market exchange price versus gold. Consequently, the price of gold rose from $35/ounce (1.125 $/g) in 1969 to almost $500 (29 $/g) in 1980.
Many travelers are familiar with currency exchange rates and how that translates from dollar to yen, euro, or peso. But there's another metric that puts the relative strength of the dollar in ...
Several oil-producing Arab countries on the Persian Gulf, including Saudi Arabia, peg their currencies to the dollar, since the dollar is the currency used in the international oil trade. The People's Republic of China 's renminbi was informally and controversially pegged to the dollar in the mid-1990s at ¥ 8.28/USD.