History of dollar The word dollar and its

History of dollar The word "dollar" and its symbol is much older than the American nation and its currency - it was almost 500 years.

The dollar was approved by Congress in a largely symbolic resolution on August 8, 1785.

n The Philadelphia Mint was founded in 1792, where American dollars were minted. First-dollar banknote was issued in the English colony of Maryland in North America in 1767. n And starting in June 1975 by decision of the Continental Congress began to print dollar bills for all the former colonies. n

Its modern form it was in 1928, when the one-dollar bills and the other was adopted by the design proposed by a talented artist, an immigrant from Russia, Sergey Makronovskim

Other national currencies called "Dollar"

Existing dollar units today are the Bahamian dollar, Australian one-dollar coin A New Zealand one the Barbados dollar, the Cayman Islands dollar, the -dollar coin Belize dollar, the Bermuda dollar, the Brunei dollar, the Canadian dollar, the East Caribbean dollar, the Guyanese dollar, the Hong Kong dollar, the New Taiwan dollar, the Singapore dollar, the Trinidad and Tobago dollar, and the United States dollar. The only ones on this list that have still retained their original parity from the days of the universal Spanish dollar are the Singapore dollar and the Brunei dollar. One New Taiwan dollar coin

The term "dollar" has also been adopted by other countries for currencies which do not share a common history with other dollars. Many of these currencies adopted the name after moving from a £sd -based to a decimalized monetary system. Examples include the Australian dollar, the New Zealand dollar, the Jamaican dollar, the Cayman Islands dollar, the Fiji dollar, the Namibian dollar, the Rhodesian dollar, the Zimbabwe dollar, and the Solomon Islands dollar.

American dollar is used as the standard unit of currency in international markets for commodities such as gold and petroleum

Worldwide use of the U. S. dollar

After the introduction of the euro as a cash currency in 2002, and the Iraq War costs from 2003, the dollar began to depreciate steadily in value, as it did against other major currencies.