The United States dollar (USD), symbolized as $, is the official currency of the United States and is widely used in international transactions. Introduced by the Coinage Act of 1792, the dollar was initially pegged to the Spanish silver dollar and later linked to gold. Over time, it became a free-floating currency and the world’s primary reserve currency, especially after the Bretton Woods Agreement
The USD is known for its stability and is often referred to as the “greenback” due to the color of its banknotes. It plays a crucial role in the global economy, being the most traded currency in the foreign exchange market.
