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The United States dollar (sign: $; code: USD; also abbreviated US$), also referred to as the U.S. dollar or American dollar, is the official currency of the United States of America and its overseas territories. It is divided into 100 smaller units called cents.

The U.S. dollar is the currency most used in international transactions and is one of the world's dominant reserve currencies.[1] Several countries use it as their official currency, and in many others it is the de facto currency.[2] It is also used as the sole currency in two British Overseas Territories, the British Virgin Islands and the Turks and Caicos islands.

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ReferencesEdit

  1. "The Implementation of Monetary Policy – The Federal Reserve in the International Sphere" (PDF). Retrieved on August 24, 2010.
  2. Benjamin J. Cohen, The Future of Money, Princeton University Press, 2006, ISBN 0-691-11666-0; cf. "the dollar is the de facto currency in Cambodia", Charles Agar, Frommer's Vietnam, 2006, ISBN 0-471-79816-9, p. 17

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Images of U.S. currency and coinsEdit

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