Dollar

The dollar is a unit of currency used by various countries around the world. The symbol for the dollar is "$", and it is often abbreviated as "USD" when referring to the United States dollar. The dollar is subdivided into 100 smaller units called cents.

History

The term "dollar" originates from the thaler, a silver coin used throughout Europe during the 16th century. The name "thaler" was derived from the Joachimsthaler, a coin minted in the town of Joachimsthal in Bohemia. The concept of the dollar was later adopted by the United States when it gained independence from Great Britain.

Countries Using the Dollar

Several countries use the dollar as their official currency, including:

• United States - United States dollar
• Canada - Canadian dollar
• Australia - Australian dollar
• New Zealand - New Zealand dollar
• Singapore - Singapore dollar
• Hong Kong - Hong Kong dollar

United States Dollar

The United States dollar (USD) is the most widely used dollar currency in the world. It is issued by the Federal Reserve and is used as the standard unit of currency in international markets. The USD is also the world's primary reserve currency.

Canadian Dollar

The Canadian dollar (CAD) is the official currency of Canada. It is issued by the Bank of Canada and is commonly referred to as the "loonie" due to the image of a loon on the one-dollar coin.

Australian Dollar

The Australian dollar (AUD) is the official currency of Australia. It is issued by the Reserve Bank of Australia and is often referred to as the "Aussie dollar."

New Zealand Dollar

The New Zealand dollar (NZD) is the official currency of New Zealand. It is issued by the Reserve Bank of New Zealand and is commonly known as the "kiwi dollar."

Singapore Dollar

The Singapore dollar (SGD) is the official currency of Singapore. It is issued by the Monetary Authority of Singapore.

Hong Kong Dollar

The Hong Kong dollar (HKD) is the official currency of Hong Kong. It is issued by three banks: Hongkong and Shanghai Banking Corporation, Standard Chartered, and Bank of China.

See Also

• Currency
• Cent (currency)
• Federal Reserve
• Bank of Canada
• Reserve Bank of Australia
• Reserve Bank of New Zealand
• Monetary Authority of Singapore
• Hongkong and Shanghai Banking Corporation
• Standard Chartered
• Bank of China

References

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