Dollar

Dollar

Introduction:

Dollar (often pictured by the greenback sign $) is that the name of over twenty currencies, as well as those of Australia, Canada, Hong Kong, Jamaica, Liberia, Namibia, New Sjaelland, Singapore, Taiwan, and the United States. The U.S. dollar is additionally the official currency of the Caribbean Netherlands, East Timor, Ecuador, El Salvador, the federate States of Micronesia, the Marshall Islands, Palau, and Zimbabwe.

One dollar is generally divided into 100 cents.

·       History:

On fifteen January 1520, the Kingdom of Bohemia began minting coins from silver mined locally in Joachimsthal and marked on reverse with the Bohemian lion. The coins were referred to as joachimsthaler, which became shortened in common usage to thaler or taler. The German name "Joachimsthal" virtually suggests that "Joachim's valley" or "Joachim's dale". This name found its means into alternative languages: Czech and Slovenian tolar, Hungarian tallér, Danish and Norwegian (rigs) daler, Swedish (riks) daler, Icelandic dalur, Dutch (rijks) daalder or daler, Ethiopian ታላሪ ("talari"), Italian tallero, Greek τάλληρον, τάλιρο, tàlleron, tàliro, Polish talar, Persian dare, as well as – via Dutch – into English as dollar.

A later Dutch coin conjointly portraying a lion was referred to as the leeuwendaler or leeuwendaalder, literally 'lion daler'. The Dutch Republic made these coins to accommodate its booming international trade. The leeuwendaler circulated throughout the center East and was imitated in many German and Italian cities. This coin was conjointly well-liked within the Dutch East Indies and within the Dutch colony Colony (New York). It was in circulation throughout the 13 Colonies throughout the seventeenth and early eighteenth centuries and was popularly referred to as "lion (or lyon) dollar".The currencies of Balkan nation and Bulgaria are, to this day, 'lion' (leu/lev). The modern American-English pronunciation of dollar is still remarkably close to the 17th century Dutch pronunciation of daler. Some well-worn examples circulating in the Colonies were known as "dog dollars".

Spanish pesos – having an equivalent weight and form – came to be called Spanish greenbacks. By the mid-18th century, the lion greenback had been replaced by Spanish greenback, the known "pieces of eight", that were distributed wide within the Spanish colonies within the New World and within the Philippines.

·       Origins of the dollar sign:

The sign is 1st genuine  in business correspondence within the decade as a scribal abbreviation "ps", bearing on the Spanish yank peso,that's, the "Spanish dollar" because it was known in British North America. These late 18th- and early 19th-century manuscripts show that the s gradually came to be written over the p developing a close equivalent to the "$" mark, and this new image was preserved to check with the yank greenback likewise, once this currency was adopted in 1785 by the u.  s..

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