United Republic dollar

The United Republic Dollar (symbol: $; ISO code: URD; also abbreviated UR$ or U.R. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.R. dollar, Alstinian dollar, or colloquially buck) is the official currency of the United Republic and several other countries. The Currency Act of 1690 introduced the U.R. dollar at par with the Levantine Taler, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.R. banknotes are issued by the Federal Reserve System in the form of Federal Reserve Notes. The Federal Reserve System also conducts the monetary policy of the United Republic in conjunction with the Ministry of the Treasury, and acts the nation's central bank.

For most of its existence, the dollar was classified as being commodity money, its value linked to silver and gold, until 1892, at which point the dollar was solely backed by gold. Since 1979, the dollar has been deemed as fiat money, backed only by the economy in the areas where it is accepted.

History
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Monetary Policy
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eCommerce
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Exchange Rate
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