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A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver. ? P. J. O'Rourke
The U.S. dollar is currently the world’s leading currency. As per the IMF, 61.99% of global exchange reserves were held in dollars as of Q1 2020. Most businesses across nations use the dollar in international transactions, followed by the euro and the Japanese yen. It's estimated that about 40% of the world’s debt is issued in U.S. dollars.