Friday, October 23, 2009

US Dollar, US Currency, USD, US Dollar Exchange Rate

The US dollar is the currency of the United States of America and is abbreviated as $, USD or US$. It is also known as the “greenback.” The US currency is an important international reserve currency, along with the Euro. Its accumulation exceeds twice that of the Euro, comprising over 60% of the world’s foreign exchange reserves.

The US coins in circulation are:

1¢ (one cent) – also referred to as a penny

5¢ - nickel

10¢ - dime

25¢ - quarter

50¢ - half dollar or fifty-cent piece

$1 - dollar or dollar coin

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