The American Dollars 2012

The word dollar is immediately think the United States. This is the colony ofMassachusetts was the first to use the North American dollar. However, it was American independence before the dollar became the official currency U.S. is nearly one hundredyears later. The spread of the name dollar in other parts of the world has done as and when time measurement.
Currently, over fifteen countries worldwide have adopted the word dollar as their currencyname. We thus find large countries such as Canada or Australia or smaller countries like Namibia and Fiji.
The U.S. dollar is now the leading reserve currency used in the world, the currency mostused in international trade. The U.S. dollar in April 2010 represents nearly 85% (bycurrency pair, be reduced to one dollar 42.5%) of daily trading on the forex. This levelwas close to 90% in 2011, the U.S. dollar’s share in world trade, although still a large majority, is decreasing.
The dollar remains the gold standard on the Forex market and will remain as long as the U.S. economy will remain the first global economy. Only the single European currency (if it survives the current crisis) that China, a far longer term, for-would challenge itshegemony.