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Who First Adopted The US Dollar?

January 24, 2024 by Ahmed Ali

Who First Adopted The US Dollar? Benjamin Franklin noted that the depreciation of the currency had, in effect, acted as a tax to pay for the war. In the 1790s, after the ratification of the United States Constitution, Continentals could be exchanged for treasury bonds at 1% of face value. Who created the US dollar?

What Is A Dollarized Economy?

January 24, 2024 by Jasmine Sibley

What Is A Dollarized Economy? Dollarization is the term for when the U.S. dollar is used in addition to or instead of the domestic currency of another country. It is an example of currency substitution. Dollarization usually happens when a country’s own currency loses its usefulness as a medium of exchange, due to hyperinflation or