Tuesday, January 21, 2025
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USD means what in currency?

USD stands for the United States Dollar, which is the official currency of the United States. It is one of the most widely used and recognized currencies in the world, symbolized by the “$” sign and sometimes abbreviated as “US$” to distinguish it from other dollar-denominated currencies. The USD is also the primary reserve currency held by central banks around the globe and is used in international transactions, commodities, and financial markets. The currency is issued by the U.S. Department of the Treasury and regulated by the Federal Reserve. Its value fluctuates based on various economic factors, including inflation and interest rates.

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