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 ?
During the first four months, the government has managed to get US dollars 1,861 million in grants and loans from commercial banks and other institutions.
Having a fixed exchange rate guarantees that all the above mentioned banks and companies can always buy US dollars at the same peg rate, making it easier to predict future expenses and providing a safety cushion for banks and companies in their international dealings.
Abdellah added that investors and manufacturers have to provide a document proving that they obtained their US dollars from banks, which will help in eliminating exchange companies dealing in the informal market.
Shell is capping its capital spending Shell added that it will forge ahead with 30bn US dollars (PS20.
According to the Sydney Morning Herald, Golf Digest magazine said that Woods' winnings of more than 155 million US dollars reflect less than 12 per cent of his career earnings, with 1.
As per data released by the Unit, total external reserves (excluding ACU balances) have increased to US dollars 9,487 million by end July 2011.
Nevertheless, in those five years, according to the statistical analysis, the country's foreign direct investments totaled 1017, 7 million US dollars.
The weakness of the US dollar during the second half of 2004 has had a significant impact on the CBRE Global Top 50 most expensive office locations.
854 million US dollars and the imports from China were 10,172.
A state of panic has broken out among exchange companies trading the US dollar following parliament's decision on Thursday to toughen punishments on foreign currency traders who do not belong to the official market and align with the Central Bank of Egypt's (CBE) policies.
6 million) fall in second quarter net income to 5 billion US dollars (pounds 3.
Despite the growth of US dollar stopped, the National Bank of Kyrgyzstan continued actively buying US dollars at the market dumped by local investors.