dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. Since 1971, all links to gold have been repealed. From 1934, its equivalence to gold was revised to $35 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. dollar was originally defined under a bimetallic standard of 371.25 grains fine silver or, from 1837, 23.22 grains fine gold, or $20.67 per troy ounce. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. Conversion rates Ethiopian Birr / US Dollar 1 ETB: 0.01818 USD: 5 ETB: 0.09092 USD: 10 ETB: 0.18183 USD: 20 ETB: 0.36367 USD: 50 ETB: 0.90917 USD: 100 ETB: 1. The Coinage Act of 1792 introduced the U.S. The United States dollar is the official currency of the United States and several other countries. 1.00000 ETB 0.01819 USD Mid-market exchange rate at 06:56 UTC Track the exchange rate A cheaper way to shop online internationally ETB to USD conversion chart 1 ETB 0.
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