USD 1 | Bank Note | One Dollar | Kae Kae | CurrencyStackerKK | United States | North America

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USD 1 | Bank Note | One Dollar | Kae Kae | CurrencyStackerKK | United States | North America

1 United States Dollar

The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and its territories. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks.

In the 16th century, Count Hieronymus Schlick of Bohemia began minting coins known as joachimstalers, named for Joachimstal, the valley in which the silver was mined. In turn, the valley’s name is titled after Saint Joachim, whereby thal or tal, a cognate of the English word dale, is German for ‘valley.

The colloquialism buck(s) (much like the British quid for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade, or it may also have originated from a poker term. Greenback is another nickname, originally applied specifically to the 19th-century Demand Note dollars, which were printed black and green on the backside, created by Abraham Lincoln to finance the North for the Civil War. It is still used to refer to the U.S. dollar (but not to the dollars of other countries). The term greenback is also used by the financial press in other countries, such as Australia, New Zealand, South Africa, and India.

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