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dollar

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dollar

Monetary unit of several countries, containing 100 cents. In the USA, the dollar was adopted in 1785. US dollars originally were issued as gold or silver coins; today both metal and paper dollars circulate, but paper predominates. Australia, Canada, and Hong Kong are among the other countries that use the dollar unit, but none of these dollars is equivalent in value to the US dollar.

The US dollar emerged from World War II as the standard currency for international trade. Commodities, even if priced in other currencies, were valued at the prevailing dollar exchange rate. Rising US imports, especially of oil, and government spending resulted in large numbers of dollars held in foreign hands with the resultant devaluation of the dollar by the 1980s. The German mark and the Japanese yen are increasingly important as trading currencies.

See also Eurodollar; petrodollars.



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? Mentioned in ? References in classic literature
 
But, at a period of prosperity like that which prevailed in 1832, 3, 4, 5, and 6, the hereditary dollar was not worth more than twelve and a half cents, as compared with the "inventoried" dollar.
Autobiography of a Pocket-Handkerchief by Cooper, James Fenimore View in context
In the bottom of the nest are thousands of dollar bills -- and two-dollar bills -- and five-dollar bills -- and tens, and twenties, and fifties.
The Marvelous Land of Oz by Baum, L. Frank View in context
Two Thieves having stolen a Piano and being unable to divide it fairly without a remainder went to law about it and continued the contest as long as either one could steal a dollar to bribe the judge.
Fables by Aesop View in context
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