History of the United States American dollar and exchange rate
History of the United States American dollar
Many of us may wonder what is the secret and the reason for the dominance of the US dollar in the global economy, but many of us are unaware that before the issuance of the US dollar, the American people used to deal in French, England, and Spanish currencies, which was causing confusion and problems in commercial and economic dealings in the United States, except that in In 1785, the US dollar was imposed as the single currency of the Union of American States.
And the monetary system was established in America in the year 1792 when a coin began to be minted in the state of Philadelphia in 1793, and David Wrightenhouse was the first director of the mint. In 1836, private banks began issuing paper money under licenses from the states.
In the year 1864, the national banks were granted the mandate to issue cash, and the demand and dealing with it was simple until 1935 due to its low value, and after this, the US Treasury Department began issuing the main currency of the states and the Federal Reserve banks, which are twelve banks in twelve US states, took over the issuance of reserve currency in different denominations in addition to To the Treasury currency that it was issuing.
The United States of America specializes in issuing its paper currency in a special distinctive style without most countries, in addition to the uniform size and the identical color of all its currency denominations, the banknote carries, besides the middle medal, several numbers, symbolic letters, seals and signatures, and the US dollar currency is symbolized by the following symbol ($).
currency denominations US dollar (USD)
The US dollar, specifically the US paper currency, is issued in the following denominations:
$ 1, $ 2, $ 5, $ 10, $ 20, $ 50, $ 100, $ 500, $ 1000, $ 5000, $ 10000.
The Treasury has withdrawn the following categories:
$ 500, $ 1000, $ 5000, $ 10,000 in circulation, and the $ 100 denomination became the highest denomination to print.
Stock color and size USD
The American dollar is characterized by all its types and denominations, with a similar color for the face of the paper, which is the grayish-black color of various degrees, and one similar color for the back of the paper, which is olive green in its various degrees.
All US dollar denominations have a single size of 156 mm in length and 66 mm in width for the printed frame.
Center medal (photo)
It is printed with an embossed print that gives it a highlight that is not mixed with the delicate ground, in addition to gradient shades of its components, and it is in the three types of dollars that it is one of the famous and prominent people in American history.
- 1 $ George Washington (first president and united of America)
- 2 $ Thomas Jefferson (third president and author of the Independence Act)
- 5 $ Abraham Lincoln (Sixteenth President - fought the South and abolished slavery)
- 10 $ Alexander Hamilton (War of Independence Heroes)
- 20 $ Andre Jackson (7th President)
- 50 $ Willie Grant (18th President)
- 100 $ Benjamin Franklin (famous politician and scientist)
exchange rate American dollar
exchange rate of us dollar to euro today (USD/EURO)
USD/EURO
exchange rate of us dollar to Canadian dollar today (USD/CAD)
exchange rate of us dollar to sterling pound today (USD/GPT)
exchange rate of us dollar to japan yen today (USD/JPY)
exchange rate of us dollar to china yuan today (USD/CNY)
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