The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:
US Dollar
Currency Symbol:
$
Sub unit:
cents
Bank notes:
$1, $5, $10, $20, $50, $100
Coins:
1c, 5c, 10c, 25c, 50c
Ecuadorian Sucre
The Ecuadorian sucre lost massive value in 1999 and in early 2000 President Jamil Mahuad made the announcement that the sucre was to be replaced by the US dollar. The currency value ended at 25,000 sucre = 1 US dollar at that time.
Kyle Morgan is a producer for finder.com who has worked for the USA Today network and Relix magazine, among other publications. He can be found writing about everything from the latest car loan stats to tips on saving money when traveling overseas. He lives in Asbury Park, where he loves exploring new places and sipping on hoppy beer. Oh, and he doesn't discriminate against buffalo wings — grilled or fried are just fine.
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