Fergie's Tech Blog

6 July 1785: Happy Birthday, The Almighty Dollar

Adopted by the United States Congress on July 6, 1785, the U.S. dollar today is the most-used currency in the world. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity.

In 1995, over US$380 billion were in circulation, of which two-thirds was outside the United States. By 2005 that figure had doubled to nearly $760 billion with an estimated half to two-thirds being held overseas, which is an annual growth of about 6.6%.

posted by Fergie @ 7/05/2006 10:01:00 PM