dollar


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dollar

1. the standard monetary unit of the US and its dependencies, divided into 100 cents
2. the standard monetary unit, comprising 100 cents, of the following countries or territories: Antigua and Barbuda, Australia, the Bahamas, Barbados, Belize, Bermuda, the British Virgin Islands, Brunei, Canada, the Cayman Islands, Dominica, East Timor, Ecuador, El Salvador, Fiji, Grenada, Guatemala, Guyana, Hong Kong, Jamaica, Kiribati, Liberia, Malaysia, the Marshall Islands, Micronesia, Namibia, Nauru, New Zealand, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Singapore, Solomon Islands, Taiwan, Trinidad and Tobago, Tuvalu, and Zimbabwe
3. Brit informal (formerly) five shillings or a coin of this value

Dollar

 

the monetary unit of the USA, Canada, Australia, New Zealand, Liberia, Ethiopia, Malaysia, Barbadoes, Guyana, Singapore, Trinidad and Tobago, Jamaica, Western Samoa, Hong Kong, and Fiji, as well as of the Bahama Islands, Brunei, and British Honduras. The dollar is divided into 100 cents.

The USA adopted the (silver) dollar in 1786, and the law of 1792 introduced bimetalism in the USA, providing for free coinage of gold and silver dollars. The gold dollar became the monetary unit in 1873, and the gold standard was officially adopted in the USA in 1900, providing for a dollar with 1.50463 grams of pure gold. After World War I (1914-18) the dollar gained dominance among the capitalist currencies, but the world economic crisis of 1929-33 greatly undermined the dollar and forced the USA to give up the gold standard in 1933. In 1934 the dollar was devalued by 40.94 percent and on Jan. 31, 1934, its gold content was fixed at 0.888671 grams of pure gold. Gold dollar coins were withdrawn from circulation and replaced with banknotes. The inflation after World War II (1939-45) reduced the purchasing power of the dollar to less than half of its prewar value.

The US dollar is the main currency of the dollar zone. The following dollar notes and coins are now in circulation: $100, $50, $20, $5, and $2 federal reserve notes (the issue of notes of $500 or more has been discontinued and they are virtually no longer in circulation); $10, $5, $2, and $1 silver certificates (they are gradually being bought up); $5 and $2 treasury notes, called greenbacks; and $1 and half-dollar silver coins and 25, 10, 5, 2, and 1 cent copper and nickel coins. According to the exchange rate set by the Gosbank (State Bank) of the USSR, US $100 were equal to 82.90 rubles on Dec. 24, 1971. The chronic deficit in the balance of payments the USA has been experiencing since the 1950’s is reducing gold reserves; this deficit and inflation have greatly lowered the purchasing power of the dollar, and its international position has become weaker. The acute currency crisis in the spring and summer of 1971 undermined the dollar as the key capitalist currency. In December 1971 the dollar was devalued by 7.89 percent and its gold content was lowered, while the official price of gold rose from $35 to $38 for a Troy ounce (31.1035 g).

M. G. POLIAKOV

dollar

[′däl·ər]
(nucleonics)
A unit of reactivity, equal to the difference between the reactivities for delayed critical and prompt critical conditions in a given nuclear reactor.

dollar

(character)
"$" Common names: ITU-T: dollar sign. Rare: currency symbol; buck; cash; string; escape (when used as the echo of ASCII ESC); ding; cache; INTERCAL: big money.

Well-known uses of the dollar symbol in computing include as a prefix on the names of string variables in BASIC, shell and related languages like Perl. In shell languages it is also used in positional parameters so "$1" is the first parameter to a shell script, "$2" the second, etc.
References in classic literature ?
Really, my dear, I haven't the least idea," answered Clara, slightly gaping--"a thousand dollars, perhaps.
And then again-- "a monthly rental of twelve dollars, for a period of eight years and four months
Watson went, reported favorably, and in a day or so the young man received a letter from Hubbard, offering him the position of General Manager, at a salary of thirty-five hundred dollars a year.
15 Dey Street, New York, the merchant replied that the goods were ready, and so was the bill, which was seven dollars.
Watson was offered ten thousand dollars for his one-tenth interest, and hesitated three days before refusing it.
Then, in the very midnight of this depression, poor Bell returned from England, whither he and his bride had gone on their honeymoon, and announced that he had no money; that he had failed to establish a telephone business in England; and that he must have a thousand dollars at once to pay his urgent debts.
She was a remarkably active and capable young woman, and, by her industry and thrift, and the most persevering self-denial, raised nine hundred dollars for her husband's freedom, which she paid, as she raised it, into the hands of his master.
It recently doubled Golden Dollar production to five million a day.
71 billion dollar deficit in 1997, the National Statistics Office said Tuesday.
In a typical soft dollar d a broker prepays researh expenses behalf of a money manager in propor to the future trades and trading commissions the manager promises the broker.
President Lopez Portillo's advisers estimated that during the three years prior to August 1982, a minimum of $45 billion was drained from the country's dollar reserve-- showing up in the form of $31 billion in U.
Family Dollar shareholders on January 22 voted to accept a cash-and-stock offer from Dollar Tree Inc.