Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. Several countries use it as their official currency, and in many others it is the de facto currency. It is the currency most used in international transactions and is the world's primary reserve currency. dollar is commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain (24.1 g) pure or 416 grain (27.0 g) standard silver. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. It is divided into 100 smaller cent (¢) units. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution. The United States dollar (sign: $ code: USD also abbreviated US$ and referred to as the dollar, U.S.
