At the beginning of its introduction, the euro fell sharply against various currencies. 1999 When the euro was introduced, the value per euro was $65,438+0.18; On June 26th, 2000 10, the euro fell to an all-time low of $0.8228. But then the euro began to experience recovery. At the beginning of 200 1 year, the euro rose to nearly $0.96. But then it entered a period of decline, although this time the decline was small, with the lowest drop to 0.834 USD 200 1.
The pound is the name of the national currency and monetary unit in Britain. Sterling is mainly issued by the Bank of England, but there are also other issuers. The most commonly used symbol for the pound is. The currency code of ISO42 17 adopted by the International Organization for Standardization is the pound. In addition to Britain, the currencies of British overseas territories are also denominated in British pounds, and the exchange rate with British pounds is fixed at 1: 1.
The dollar is the legal tender of the United States of America. Dollar banknotes in circulation are all versions of banknotes issued since 1929. 1792 appeared after the passage of the American mint act. At present, the issuance of US dollars is controlled by the Federal Reserve system. Starting from 19 13, the United States established the federal reserve system and issued federal reserve bonds. More than 99% of the banknotes in circulation are federal reserve notes.
The competent department for issuing US dollars is Congress, and the Federal Reserve Bank is responsible for the specific issuance business. After World War II, continental European countries reached an agreement with the United States to use US dollars for international payments. Since then, the dollar has been widely used as a reserve currency in countries outside the United States, and eventually became an international currency.