United States Currency

A brief introduction to United States Currency
United States Currency is the USD or the United States Dollar. The United States currency is denoted or depicted by the symbol ‘$’. United States currency is called American dollar. United States currency has 100 divisions. United States currency is further divided into 1000 mills. This division though not very common to people is used at times of tax related matters.
US currency when issued in a form which is circulating and denominations are equal to a dollar or less than a dollar, the United States currency are in the form of United States coins.

On the other hand, if United States currency equals denominations equal to a dollar or more than dollar, the united States currency are made available in the form of Federal Reserve United States currency notes.

United States currency coins are produced by United States Mint

Bureau of Engraving and Printing for Federal Reserves is responsible for printing United States currency notes.Commodity market worldwide considers United States currency dollar as the standard unit, especially in the Oil and gold sector.
Presently United States currency dollar continues to be the world’s main reserve currency. The United States currency dollar is available in denominations of $100.

Most of the United States currency remains outside United States of America. Statistical data suggests that $380 billion United States currency was in circulation. Of which 2/3rd circulation of United States currency was outside the United States of America.

There are other countries which use United States currency- some of the countries named are Ecuador, El Salvador, East Timor.

Bermuda, Bahamas, Panama are among the few states using local currencies which can be exchanged at a ratio of 1:1.

There are some countries which have a tie up with United States currency dollar.

The countries are Argentina, Lebanon, Hong Kong etc.,.

Aggregate or worldwide economy is focused to ascertain how exchange rate of United States currency influence the economy structure of America.

United States currency coins are produced by United States Mint
Bureau of Engraving and Printing for Federal Reserves is responsible for printing United States currency notes.

Commodity market worldwide considers United States currency dollar as the standard unit, especially in the Oil and gold sector.

Presently United States currency dollar continues to be the world’s main reserve currency. The United States currency dollar is available in denominations of $100.

Most of the United States currency remains outside United States of America. Statistical data suggests that $380 billion United States currency was in circulation.Of which 2/3rd circulation of United States currency was outside the United States of America. There are other countries which use United States currency- some of the countries named are Ecuador, El Salvador, East Timor.

Bermuda, Bahamas, Panama are among the few states using local currencies which can be exchanged at a ratio of 1:1.

There are some countries which have a tie up with United States currency dollar.

The countries are Argentina, Lebanon, Hong Kong etc.,.

Aggregate or worldwide economy is focused to ascertain how exchange rate of United States currency influence the economy structure of America.

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Last Updated on : 25th June 2013