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The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the Coinage Act of 1792. One dollar is divided into 100 cents (symbol: ¢) or 1000 mills (for accounting purposes and for taxing; symbol: ₥). The Coinage Act of 1792 created a decimal currency by creating the following coins: tenth dollar, one-twentieth dollar, one-hundredth dollar. In addition the act created the dollar, half dollar, and quarter dollar coins. All of these coins are still minted in 2020.
In addition, several forms of paper money were introduced by Congress over the years. The latest of these, the Federal Reserve Note, was authorized by the Federal Reserve Act of 1913, while all existing U.S. currency remains legal tender. Issuance of the previous form of the currency (U.S. notes) was discontinued in January 1971. As a result, currently circulating paper money consists primarily of Federal Reserve Notes that are denominated in United States dollars.
Source: Wikipedia
Link: https://en.wikipedia.org/wiki/United_States_dollar
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# DOLLAR RATE TODAY
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