Countries with the American Dollar

Divisions and denominations

1 U.S. dollar is equivalent to 4 quarters, 10 dimes, 20 nickels, 100 cents or even 1000 mill. The $1 piece is also colloquially known as a "buck." The $10 bill as an Eagle. While these terms are quite common within the U.S., the terms of the dime, nickel and eagle have never been officially established. Calling the dollar a "greenback" dates back to the time of the first bills around 1861, when it was given the distinctive green color.

The largest actually existing bill bears the portrait of Woodrow Wilson and has a value of 100,000 USD. Even though it is still legal tender today, it was never in circulation, but was merely exchanged between central banks starting in 1934. The largest banknote still printed today is the $100 bill. All bills with higher denominations were withdrawn by the Federal Reserve Bank in 1945.

Currency reserves for the US Dollar

According to the International Monetary Fund, the total broad money (M3) amounted to USD 23,301.05 trillion at the end of 2020 (data only for the USA). For currency hedging, reserves were held in a total amount of 628.37 billion Dollars. This corresponds to a ratio of 1:37.1. In other words: Not even 1 of 38 Dollars is deposited with a countervalue.

Approximately 417.61 billion Dollars (66.5%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

› Worldwide currency and gold reserves

Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.