U.S. Dollar

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U.S. Dollar

The currency of the United States. First issued in 1792, it is the currency used most often in international transactions. After World War II, most world currencies were pegged to the dollar, which was pegged to gold. In 1971, the dollar became a fiat currency. Nevertheless, many currencies are still pegged to the dollar, and it is one of the most important reserve currencies in the world.
References in periodicals archive ?
In the fiscal year of2010, Microsoft's revenue is 62 billion U.
Of course, this optimistic forecast assumes that the Canadian dollar will stabilize and perhaps drop against the U.
The pegging of the Chinese currency, the yuan, to a fixed rate of exchange with the U.
Forced liquidation value (auction) is a professional opinion of the estimated most probable price expressed in terms of cash in U.
dollars, the disposition of the SF to buy the chalet and the disposition of the SF proceeds from the sale of the chalet by converting them into U.
In contrast, the group's England-based Midland Bank recorded an attributable profit of 909 million U.
Two factors affect how much money you make abroad: how well foreign markets perform and how well the U.
But if appreciation of the Japanese yen were to lead to increases in Japanese imports and reductions in its exports, then Japan might be expected to have an enormous trade deficit, given that the exchange rate was 360 yen to the U.
Bankhaus Herstatt failed at the end of the German business day, after mark payments had been made on the mark leg of a mark-dollar transaction, but before the end of the business day in the United States and thus before U.
Allowing the Funds to invest in foreign investments denominated in an Authorized Foreign Currency or in U.
The Manila-based lender said Sri Lanka will get a dual-tranche loan amounting to 300 million U.
Add to this a currency devalued by 40% against the U.

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