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The United States dollar (symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
(in billions USD) [1] Inflation adjusted (in billions USD) 1 1928 Consolidated Gas Company of New York [17] Brooklyn Edison Company 1.0 18.3 2 1929 Niagara and Eastern Power Corporation [18] MohawkHudson Power Corporation Northeastern Power Corporation: 0.665 12.2 3 1928 United Light and Power Company [19] American Light and Traction: 0.522 9.6 ...
Time observed that despite national pride "Denmark owes U.S. investors $70 million" while the country had a shortage of dollars, [113] [40] and rumors in Copenhagen stated that the price for the island would be $1 billion ($11 billion today), or almost four times Denmark's aid from the Marshall Plan. [40]
In 2016, Zimbabwe allowed trade in the United States dollar and various other currencies such as the rand (South Africa), the pula (Botswana), the euro, and the pound sterling (UK). [199] In February 2019, Reserve Bank of Zimbabwe Governor John Mangudya introduced a new local currency, the Real Time Gross Settlement dollar , in a move to ...
The ruble lost 70% of its value against the US dollar in the six months following this financial crisis, from US$1 = 6 ₽ to approximately 20 ₽. [ 49 ] After stabilizing at around US$1 = 30 ₽ from 2001 to 2013, it depreciated to the range of US$1 = 60–80 ₽ from 2014 to 2021 as a result of the annexation of Crimea by the Russian ...
Iraq's "dollar auction" system, established after 2003, has become a conduit for massive financial fraud. This system allows Iraqi banks to purchase U.S. dollars from Iraq's oil revenues held at the Federal Reserve Bank. However, it has been exploited by fraudsters, terrorists, and money launderers to funnel billions of dollars out of Iraq.
The official budget is set to rise to 3.03 trillion rubles (approximately US$83.7 billion) in 2015, and 3.36 trillion rubles (approximately US$93.9 billion) in 2016. [132] As of 2014, Russia's military budget is higher than any other European nation, and approximately 1/7th (14 percent) of the US military budget .