United States dollar

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The United States dollar, or American dollar, is the official currency of the United States. It is also widely used as a reserve currency outside the United States. Currently, the issuance of currency is controlled by the Federal Reserve Banking system. The most commonly used symbol for the U.S. dollar is the dollar sign ($). The ISO 4217 code for the United States Dollar is USD; the U.S. dollar is also referenced as US$ by the International Monetary Fund. In 1995, over $380 billion (380 G$) in U.S. currency was in circulation, two-thirds of it overseas. As of April 2004 nearly $700 billion http://www.federalreserve.gov/boarddocs/speeches/2004/20040426/default.htm was in circulation, with an estimated half to two-thirds of it still being held overseas http://www.federalreserve.gov/paymentsystems/coin/default.htm.

Related Topics:
Currency - United States - Reserve currency - Federal Reserve - Dollar sign - ISO 4217 - International Monetary Fund - 1995 - Billion - As of April 2004

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The United States is one of many countries that use a currency known as a dollar. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto legal capacity. See dollar.

Related Topics:
De facto - Dollar

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The colloquialism buck is often used to refer to a U.S. dollar. This term, dating to the 18th century, may have originated with the colonial fur trade. Grand, sometimes shortened to simply G, is a common term for the amount of 1,000 of several currencies, including dollars. Banknotes' nicknames are usually the same as their values (such as five, twenty, etc.); however, the $1 bill is often called a single, and the $100 bill has gotten the nickname benjamin (after the portrait of Benjamin Franklin that it bears).

Related Topics:
Colloquialism - Buck - 18th century - Benjamin Franklin

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