Dollar is an English word, pronounced in English [? d？ l？ (r)]； Beauty [? dū:l？ (r)], noun, (monetary unit) yuan, generally refers to the US dollar; One-dollar notes; Money; Wealth. Phrase collocation: dollars. Hong kong dollars. Australian dollar Australian dollar Canadian dollar Canadian dollar
The US dollar is the legal tender of the United States of America, El Salvador, Panama, Ecuador, East Timor, Marshall Islands, Micronesia (Federated States of), Kiribati and Palau.
Dollar banknotes in circulation are all versions of banknotes issued since 1929. 1792 appeared after the passage of the American mint act. At present, the issuance of US dollars is controlled by the Federal Reserve system. Starting from 19 13, the United States established the federal reserve system and issued federal reserve bonds. More than 99% of the banknotes in circulation are federal reserve notes.
The competent department for issuing US dollars is Congress, and the Federal Reserve Bank is responsible for the specific issuance business. After World War II, continental European countries reached an agreement with the United States to use US dollars for international payments. Since then, the dollar has been widely used as a reserve currency in countries outside the United States, and eventually became an international currency.
Impact of appreciation
20 13 in the last two weeks of the first half of the year, the global stock market experienced a new round of slump under the guidance of Federal Reserve Chairman Ben Bernanke's speech and China's "money shortage". Looking forward to the investment opportunities in the second half of the year, Pu Yonghao, chief investment officer of UBS Wealth Management Asia Pacific, believes that the US stock market with improved fundamentals is still the preferred asset class, and the US dollar may continue to strengthen.
In contrast, the prospects of emerging markets and gold are not optimistic. Especially in emerging markets, as the United States turns to quantitative easing and withdraws, some emerging economies with poor current accounts may encounter a crisis similar to 1997 to 1998 again.