The History of the Dollar

dollar history

The History of the Dollar From Thalers to Dollars The history of the dollar is a story involving many countries in different continents. The word dollar is much older than the American unit of currency. It is an Anglicised form of “thaler”, (pronounced taler, with a long “a”), the name given to coins first minted in 1519 from locally mined silver in Joachimsthal in Bohemia. (Today the town of Joachimsthal lies within the borders of the Czech republic and its Czech name is Jáchymov). Thaler is a shortened form of…

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Top 15 Most Expensive Currencies of the World – December 2017

Expensive Currencies

Top 15 Most Expensive Currencies of the World – December 2017 When you hear the phrase Top 15 Most Expensive Currencies of the world, the first currency that comes to your mind is US Dollar. But US Dollar or Euro or GBP are no longer among the Top 15 Most Expensive Currencies of the world. Let us find out which is the most expensive currency in the world. And you will be surprised to note: most of the currencies in this list are not of Western Business powerhouses but relatively…

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United States dollar $ USD

usd dollar

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 insular territories per the United States Constitution. For most practical purposes, it is divided into 100 smaller cent (¢) units, but officially it can be divided into 1000 mills (₥). The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of…

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