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The dollar, particularly the United States dollar (USD), is one of the most widely used and influential currencies in the world. Introduced in 1792, it serves as the official currency of the United States and is recognized globally as a primary reserve currency. Its strength is backed by the U.S. government's economic and political stability, as well as the size and power of the American economy. The dollar is used in global trade, finance, and commodities markets, often serving as the standard for pricing oil, gold, and other goods. It plays a vital role in international banking and is held by central banks around the world. Over time, the dollar has evolved from a currency backed by gold to a fiat currency, meaning its value is based on trust in the U.S. government. As a symbol of global economic influence, the dollar continues to shape financial systems and policies worldwide.