Concept in Definition ABC

"Dollar" is the denomination of the currency of official use of different countries; among them stands out USA for having the highest level of circulating currency in the world. Some countries whose currencies adopt this denomination are: Australia, El Salvador, Zimbabwe, Trinidad and Tobago, Barbados, Bahamas... It should be noted that Puerto Rico, Ecuador and El Salvador are unable to issue currency, since they have adopted the US dollar as their official currency. In Panama, the dollar has courselegal, although the official currency is the Balboa.

Despite the plethora of countries that have an official currency called the dollar, the common people refer by this name only to the american currency. This circumstance is motivated because this currency is used to accumulate reserves by the various states that exist. In the past, the accumulation of reserves was carried out mainly from gold, practice that was left aside with the advent of the First World War. Although he was already showing himself as dominant, it was after the

Second World War when the use of the US dollar experienced a noticeable increase, reaching the level of importance of our days. However, despite this current strength, there are voices that predict a gradual decline due to the strength of the Euro.

The figures relevant to the history of the United States that appear in the different denominations of the US dollar bills are: George Washington (first president) for the denomination of a dollar; Thomas Jefferson (third president), for the two dollar bill; Abraham Lincoln (sixteenth president), for the five dollar bill; Alexander Hamilton (editor of the Constitution), for the one of ten dollars; Andrew Jackson (seventh president), for the twenty dollar bill; Ulysses S. Grant (eighteenth president), for the fifty dollar one; and finally, Benjamin Franklin (scientist and editor of the constitution), for the one hundred dollars.

Dollar Topics