When did the dollar appear?
The dollar, also known as yuan and yuan, is the official currency of the United States. Its appearance is due to the adoption of 1792 American Foundry Law. At the same time, it is widely used as a reserve currency in countries outside the United States. At present, the issuance of US dollars is controlled by the Federal Reserve system. The most commonly used symbol of the dollar is "$", and the symbol of the cent is "incurable disease". A dollar is divided into one hundred cents. At first, the finer classification was mills, and one dollar was divided into 1000 mills. This device is no longer used. The right to issue US dollars belongs to the US Treasury Department, and the competent department is the US Treasury Department. The specific issuance business is the responsibility of the US Federal Reserve Board.
What are the reasons for the different purchasing power of dollars?
1, the United States is the world economic hegemon. Over the years, the US dollar has become a common currency in the world, so the inflow and outflow of money are relatively stable, but the RMB has not yet reached the bottom of free convertibility.
2. Exchange rate changes. There are many factors that affect exchange rate fluctuations. Balance of payments, gross domestic product, economic development, domestic demand, external demand, national income, etc. Will affect the exchange rate changes. As the exchange rate becomes higher and the RMB depreciates, then the dollar will appreciate.
At present, the United States reserves more than half of the world's gold, and the total money supply of each country directly represents the value of various commodities at the local gold and silver exchange rate. Historically, it has nothing to do with gold, and the state has not stipulated the content of RMB. In the liberated areas, gold is replaced by physical objects or price indexes to measure the value changes represented by border commodities. After the liberation of the whole country, gold and silver were strictly controlled to circulate freely in the domestic market as money, and private transactions were strictly prohibited.