US Dollar (USD)

The US Dollar (USD) is the official currency of the United States and is one of the world's most dominant reserve currencies. It is abbreviated as "$" and is divided into 100 smaller units called cents. The US dollar is used in international trade, as a benchmark for commodity prices, and as the primary reserve currency for most central banks. The Federal Reserve System, the central bank of the United States, is responsible for issuing and regulating the supply of US dollars.

The US dollar is divided into 100 smaller units called cents, with coins available in denominations of 1, 5, 10, 25, and 50 cents, as well as a one-dollar coin. Banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 dollars.

The value of the US dollar is influenced by various factors, including economic growth, inflation, interest rates, and political stability. The US Federal Reserve, which is the central bank of the United States, has the power to influence the value of the US dollar through its monetary policy decisions.

The US dollar is widely used in international trade and is the primary currency for many commodities, such as oil and gold. It is also used as a benchmark currency for many financial products, such as bonds and derivatives.

The US dollar is often referred to by its nickname, the "greenback," which comes from the green color of the US dollar bills.

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