X-Nico

unusual facts about U.S. Dollar



Capital lending

This financing is done on a wide range of products, from telephones, to copiers, to $200,000 combine harvesters by Deere & Company and CNH Global, or even larger and more expensive construction equipment from manufacturers like Caterpillar and Komatsu.

Colombian peso

In 1931, when the U.K. left the gold standard, Colombia shifted its peg to the U.S. dollar, at a rate of 1.05 pesos = 1 dollar, a slight devaluation from its previous peg.

Compact of 1802

In it, the United States paid Georgia 1.25 million U.S. dollars for its central and western lands (the Yazoo lands, now Alabama and Mississippi, respectively), and promised that the U.S. government would extinguish American Indian land titles in Georgia.

Plaza Accord

The Plaza Accord or Plaza Agreement was an agreement between the governments of France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets.


see also

Decimalisation

Bermuda decimalised in 1970 by introducing the Bermudian dollar equal to 8 shillings 4 pence (100 pence, effectively equal to the U.S. dollar under the Bretton Woods system).

Salvadoran colón

On January 1, 2001 under the government of President Francisco Flores, the Law of Monetary Integration went into effect and allowed the free circulation of U.S. dollar in the country (see dollarization), with a fixed exchange rate of 8.75 colones.

State Administration of Foreign Exchange

At the end of 2006, approximately 70 per cent of the reserves were in U.S. dollar assets, 20 per cent in euros and 10 per cent in other currencies, according to economist Brad Setser.