Economy

What is dollar? »Its definition and meaning

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The dollar, represented by the symbol "$", is the official currency of a group of countries, including the United States, where this currency arises in addition to having the greatest use and is currently used and accepted in different parts, countries, dependencies and regions of the world, such as El Salvador, Australia, Zimbabwe, Trinidad and Tobago, Barbados, Bahamas, Puerto Rico, Ecuador and El Salvador, where the last three cannot issue the currency because they have adopted the US dollar as their official currency. On the other hand, in Panama this currency has legal tender even though the official currency is the Balboa. The dollar symbol "$" comes from the first Spanish coins that were used at the time of the independence of the United StatesThis is due to the fact that the two columns of Hercules were represented in these coins, which were joined by a band in the shape of an "S". Sources state that after the Second World War was when a great increase in the use of the dollar occurred, guiding it to the great importance it has today.

As mentioned before, the dollar is the currency that represents several countries around the world, that is, there are several territories that use it as national or official currency, but that each country gives a characteristic seal to its own currency. The dollar with the greatest growth is the US dollar, since it is the currency that is most used worldwide in terms of the financial system; Most international business is conducted in securities represented by this characteristic dollar.

A series of representative figures in the history of the United States of America are embodied in this US dollar and in its different denominations, among them are: the first US president George Washington is on the dollar bill; on the two-dollar bill, the third president Thomas Jefferson; Abraham Lincoln, 16th president in office, on the five dollar bill; Alexander Hamilton, who wrote the constitution in the ten dollar bill; the seventh president Andrew Jackson for the twenty dollar denomination; Ulysses S. Grant, the 18th president for the fifty dollar denomination; and finally the famous scientist and writer of the constitution Benjamin Franklin, on the hundred dollar bill.