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History of Forex USD (U.S. Dollar) Currency

U.S. dollar (international symbol in trading is "$" or Forex USD) is the official currency of the United States, as well as several other states. This is one of the most popular currency among traders, forex broker as well as the widely used reserve currency, whose role has always been high. Federal Reserve System is performing in the role of the U.S. central bank's control note issue.

Coins and banknotes of Forex USD currency
One dollar contains 100 cents. At the present moment in everyday life of citizens around the world banknotes of $ 1, $2, $5, $10, $20, $50, $100, and coins 1 cent (Penny) 5 cents (Nickel), 10 cents (dime), 25 cents (Quarter) , 50 cents (Half) and 1 dollar.

In addition, there may be used as legal tender banknotes of $500, $1000, $5000, $10,000. Now basically they are a rarity, so their cost is much higher value. These Forex USD banknotes were withdrawn from circulation in 1967 in connection with the introduction and popularization of electronic bank transfers - the use of such a large denomination bank notes became impractical.

Same absolute leader in the nominal value of banknotes was $ 100,000, but in the hands of ordinary people she had never experienced before, because we used solely for internal estimates of the financial state structures.

By 2016 there are plans to completely withdraw from circulation banknotes of 1 and 2 dollars and replace them with coins. Latest blogpost: Forex Trading Systems Based on News Releases

Design of Forex USD currency
Design of Forex USD banknotes of different value familiar to us, but it's worth noting that it was first approved in 1928. All notes bear the portraits of the presidents of the United States on the one hand, and illustrations of historical events on the other.

The most interesting and challenging many disputes has always been a bill of U.S. $ 1, or more precisely the image-sided printing on the reverse side. If you examine them more closely, we see: 13 stripes on the shield an eagle, an olive branch with 13 brushes and 13 arrows in its claws, 13 stars in the cloud above the eagle's head, 13 steps in a truncated pyramid (as originally divided into 13 U.S. states) , Roman numerals indicate the number of MDCCLXXVI 1776 (year of the proclamation of the Declaration of Independence), cut off the tip of the pyramid inscribed with the symbol of "all-seeing eye" (a very ancient religious symbol), the Latin inscription "E pluribus unum» («Unity in diversity»), «Annuit Coeptis» ("It endorses our deeds") and «Novus Ordo Seclorum» («The order of the New Century") - quote taken from Virgil's Aeneid and symbolize the offensive "American era". All these characters are typical of Freemasonry, which causes an additional public interest.

Why is Forex USD banknote green?
Entertaining the fact of why the dollar has become green. The answer is quite simple - because of the spread of photography.

In the 70 years of 19th century development of photography make it easy to reproduce in black and white at the time of the banknote, the green color that was used minimally on the edges. It was necessary to protect the public from intensified counterfeiters. Because the green paint has been purchased, decided not to "reinvent the wheel" and use it as a major. As a result, familiar to us dollar became green.

Later on the dollar bills appeared pink and yellow hues, the latest version of the 100-dollar bills, which came into circulation on Feb. 10, 2011 there is even a distinct orange color. Nevertheless, slang for a "green" for sure it will still characterize the U.S. currency.

Forex and USD
On the Forex market the dollar is probably the most important role. No wonder all the currency pairs that include Forex USD are called major or "C". Social profile: forex trading.After the abolition of the gold standard the dollar became the de facto replacement of the metal, taking the role of a reference value of other world currencies.

Every day, the largest volume of transactions on the exchanges is made with the U.S. dollar. Moreover, whatever the economic situation of America, stock traders are always considered "green" currency hedging, which proved a financial crisis.


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