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US Dollar Encyclopedia and The Top Currencies of the Global Economy


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Many people are aware of the fact that not every country in the world uses the same currency. Depending on the country or region, there may be a different monetary system in use. There are two currencies that clearly outshine the others, as any US Dollar Encyclopedia or Euro Encyclopedia could tell you.

The US Dollar and the Euro are the two most widely used currencies in the world. The US Dollar is the official currency of the United States of America and is rated as the number one global reserve currency. It is the standard by which all other currencies are converted and valued. The United States spends hundreds of billions of dollars every year importing and exporting goods from all over the world. Also referred to as the American Dollar, it has been assigned the code USD by the International Standards Organization, which sets standards for trade and currency on a global level. Like most currencies, the US Dollar has an associated symbol which is another distinguishing identifier among the currencies of the world. The US Dollar is symbolized by $ and the origins of the symbol still remain a mystery. The word dollar is of a Germanic origin, which is a tab ironic since the Euro is circulated through the European Central Bank located in Germany. The US Dollar is issued through the Federal Reserve Bank. According to US Dollar Encyclopedia, the dollar was a form of currency in the United States before the Revolutionary War and the establishment of the Declaration of Independence and Constitution. It is because of powers expressed in the Constitution that the US Government has the right to create and distribute a national currency. A more extensive history as well as specifications on various dollars throughout time could be found on a US Dollar encyclopedia.

The Euro is the official currency of the Euro zone, a collection of more than a dozen European countries that banded together financially. The International Standards Code for the Euro is EUR and is rated as the second reserve currency of the global economy. According to Euro Encyclopedia, the Euro has been a product of efforts that have taken place within only the last couple decades, rather than having the lengthy circulation history of the US Dollar. Both currencies have many nicknames, which vary depending on the region and the amount of money involved. Dollar amounts have been referred to as grands, such as four grand being four thousand dollars.  In many European countries, the people will refer to the Euro the same as the nickname given for their old currencies used before the Euro was established. A full list of the countries that use the Euro as their currency as well as dates that they switched to the currency would best be found through a Euro encyclopedia.

Both currencies extend past their national boundaries and are the bulk of the currency in circulation used on a global scale at home and in international trade.

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For a US Dollar Encyclopedia http://currencyconvert.co/currency-profile/us-dollar-usd  visit our website. You can find Euro Encyclopedia http://currencyconvert.co/currency-profile/euro-eur  and more too.

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  • Posted On August 19, 2012
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