Questions about the dollar! What s going on with this dollar?

That's the gold standard, the gold coin standard.

The gold coin standard used ** coinage as the legal standard, while silver coins were relegated to the status of auxiliary coins, and their free minting and unlimited legal solvency were restricted. As the standard currency, it has unlimited legal solvency, and bank bills can be freely exchanged for gold coins. Anyone can apply to the National Mint to have all of their ** minted into gold coins or to dissolve gold coins into metal blocks.

** Inputs and outputs can be freely transferred between countries. The gold standard dominated for 100 years, during which time it played a certain role in promoting capitalist production. However, due to the uneven distribution of the world's leading production areas and the wear and tear of gold coins, the gold coin standard was gradually replaced by the gold bar standard and the gold exchange standard after the First World War.

The gold bar standard and the gold exchange standard.

In the bullion standard, bank bills that can be exchanged for ** are used instead of gold coins. Anyone can exchange their bank vouchers for an equivalent amount**, but there is a maximum redemption limit that the average person cannot reach. This system can partially solve the problem of insufficient production and the consumption caused by wear and tear.

In short, the number of banknotes to be issued is determined by the reserves, and the two must be equivalent, and the total face value of all the banknotes issued must be equal to the value of the reserves of the issuing institution (generally the country's bank), and that's it. Paper money cannot be issued at will, which is called linked to **.

However, the United States will no longer adopt the gold standard after that, and the Federal Reserve, the first bank in the United States, will issue a large number of paper money, that is, the dollar, so the gold content of the dollar will be less, so the dollar will continue to depreciate, which is the reason.

Because the US dollar is the world's reserve currency, and oil** is settled in US dollars, you have to buy US dollars first to buy oil!

The U.S. dollar is an international currency, the demand is global, and China's renminbi is used in China. The relationship between the dollar and oil is difficult to say, it can only be said that oil is denominated in dollars. When the dollar depreciates, China's foreign exchange reserves will lose money, and while the dollar depreciates, the United States will increase the printing of the dollar, and China will have to increase the printing of the yuan, and China will be inflationary.

Cutting problems, resulting in different widths of the upper and lower blanks.

This phenomenon is very, very common in dollar banknotes, where the most exaggerated is that one side of the white border is completely cut off, while the corresponding white border on the other side is very wide.

If it is sent to the grading company into the shell, this kind of general will not be marked with the wrong version, only if it is cut to the text or pattern, and it is not marked because it is too common. I just have one in my hand.

Zhang's 100 yuan in 1977 is, it can be seen very obviously that it has different widths on the upper and lower white edges. There are also no cropping errors on the PMG label, because there are too many such flaws all too common.

The United States will definitely not do this, unless there is a change of dynasty, do you think that if China is heavily indebted, will it scrap the renminbi? That means that the savings of all Chinese citizens have become worthless, that is, they have become zero, and the people will not agree to do this, which will cause turmoil, so the United States is the same.

The U.S. dollar is the base currency in foreign exchange and the main currency in international payments and foreign exchange transactions, and occupies a very important position in the international foreign exchange market. It's not worth it to undermine the dollar's credibility for that little money.

But your thinking is correct, the United States does not need to abolish the currency, they only need to devalue the currency to achieve the same goal, so the depreciation of the dollar will shrink our foreign exchange reserves, so that the United States can pay off a lot of debt.

It is USD1 USD = CNY

US Dollar Chinese Currency.

US dollar to Chinese RMB exchange rate today: 100 US dollars (USD) = Chinese yuan (CNY).

10 usd = cny

US Dollar Chinese Currency.

US dollar to Chinese RMB exchange rate today: 100 US dollars (USD) = Chinese yuan (CNY).

10 cny = usd

Chinese RMB US dollar.

Chinese RMB to USD exchange rate today: 100 Chinese RMB (CNY) = US Dollar (USD).

1 cny = usd

Chinese RMB US dollar.

Chinese RMB to USD exchange rate today: 100 Chinese RMB (CNY) = US Dollar (USD).

In terms of meaning, the dollar and the dollar are equivalent, there is no difference, both are the translation of dollar.

At the same time, there is a historical allusion to explain the relationship between the dollar and the dollar: in the 70s, when the Bretton Woods system collapsed, the dollar returned to the dollar, and after World War II, when the United States and more than 40 countries in the world established the Bretton Woods system, the dollar was directly linked to the dollar, 1 ounce was exchanged for 35 dollars, and 1 ounce was equal to grams, which for example was equivalent to 1 gram** was about 1 dollar, and it felt that 1 dollar was equal to 1 gram** to be equivalent to consumption. But after the impact of the financial crisis and the oil crisis in the 70s, after the collapse of the Bretton Woods system, we no longer call the dollar the dollar, and return to the characteristics of the currency, and the dollar and the price of oil and ** have undergone earth-shaking changes.

There is a saying called the dollar standard.

That is to say, the exchange ratio between the US dollar and ** is fixed, and the world changes according to the exchange rate of the US dollar**, and now this system has been canceled, but it is still customary to call it the US dollar.

Why is the renminbi called renminbi?

Aren't the U.S. dollars representing the U.S. currency?

It's a dollar, the front of the dollar is printed with George Washington, the founding father of the United States, and the U.S. coat of arms is printed on the reverse, and the banknote material is a blend of 75% cotton and 25% linen.

Yes, the avatar Franklin is the dollar.