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The United States dollar (symbol: $; currency code: USD[a]) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents.
The US Dollar is the most commonly converted currency in the world and is regularly used as a benchmark in the Forex market. As the dominant global reserve currency, it is held by nearly every central bank in the world.
USD is the currency code for the dollar, it’s symbolized by the $ sign, and it’s a fiat currency. The dollar’s conversion factor has 6 significant digits.