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 several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
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De-dollarization: yuan becomes second most-traded currency, passing the euro
Lorenzo Bagnato
23 November 2023 - 13:00
As China keeps pushing its dreams of replacing the US dollar with the yuan, its internal economic strife might prevent it.
We are in a Recession, at least according to Elon Musk
Lorenzo Bagnato
21 October 2022 - 17:14
Another powerful businessman declared that we are facing a recession. This time, it is the most powerful of them all: Tesla and Space X CEO Elon Musk.
China’s Yuan too falls to historical low. US Dollar stronger than ever
Lorenzo Bagnato
28 September 2022 - 12:47
After the Euro and the Pound, it is the turn of the Yuan to lose value at the gain of the US Dollar. A global trend that is beyond the reach of any central bank’s actions.
Fed raises interest rate in third consecutive move
Lorenzo Bagnato
22 September 2022 - 11:37
On Wednesday, the US Federal Reserve raised the interest rate for the third consecutive time. While many think it’s the right decision, a recession could probably be looming.