US dollar in the context of "Abu Dhabi"

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⭐ Core Definition: US dollar

The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.

The U.S. dollar was originally defined under a bimetallic standard of 371.25 grains (24.057 g) (0.7734375 troy ounces) fine silver or, from 1834, 23.22 grains (1.505 g) fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. 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. The dollar is the most widely used currency in international transactions, and a free-floating currency. It is also the official currency in several countries and the de facto currency in many others, with Federal Reserve Notes (and, in a few cases, U.S. coins) used in circulation.

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👉 US dollar in the context of Abu Dhabi

Abu Dhabi is the capital city of the United Arab Emirates (UAE). The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Persian Gulf from the central-western coast of the UAE.

Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. As of 2023, Abu Dhabi's urban area had an estimated population of 2.5 million, out of 3.8 million in the emirate of Abu Dhabi. The Abu Dhabi Investment Authority (ADIA), headquartered in the city, is estimated to manage approximately US$1 trillion in assets, making it the world's third-largest sovereign wealth fund after Norway's Government Pension Fund Global and China's CIC. Abu Dhabi itself has over a trillion US dollars' worth of assets under management in a combination of various sovereign wealth funds headquartered there.

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US dollar in the context of Florin

The Florentine florin was a gold coin (in Italian Fiorino d'oro) struck from 1252 to 1533 with no significant change in its design or metal content standard during that time.

It had 54 grains (3.499 grams, 0.1125 troy ounces) of nominally pure or 'fine' gold with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the Giglio bottonato (it), the floral emblem of the city, which is represented at the head of the coin.

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US dollar in the context of Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial relations among 44 countries, including the United States, Canada, Western European countries, and Australia, after the 1944 Bretton Woods Agreement until the Jamaica Accords in 1976. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold (or 0.88867 gram fine gold per dollar). It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to countries with balance of payments deficits.

Preparing to rebuild the international economic system while World War II was still being fought, 730 delegates from all 44 Allied countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference. The delegates deliberated from 1 to 22 July 1944, and signed the Bretton Woods agreement on its final day. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, these accords established the IMF and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. The United States, which controlled two-thirds of the world's gold, insisted that the Bretton Woods system rest on both gold and the US dollar. Soviet representatives attended the conference but later declined to ratify the final agreements, charging that the institutions they had created were "branches of Wall Street". These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement. According to Barry Eichengreen, the Bretton Woods system operated successfully due to three factors: "low international capital mobility, tight financial regulation, and the dominant economic and financial position of the United States and the dollar."

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US dollar in the context of Historical GDP of China

This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth. Unless otherwise specified, the GDP per capita here is based on the average population. The annual average population or mid-year population is the average of the resident population at the end of the two consecutive years.

In 1985, the State Council of China (SCC) approved the establishment of a SNA (System of National Accounting), using GDP to measure the national economy. China started to study and then implement a new system of national economic accounting. In 1986, as the first citizen of the People's Republic of China to receive a Ph.D. in economics from an overseas country, Fengbo Zhang headed Chinese Macroeconomic Research - the key research project of the seventh five-year plan, as well as completing and publishing the Chinese GDP data according to China's own research and calculations. A summary of the above events has been included in the book "Chinese Macroeconomic Structure and Policy" (June 1988) edited by Fengbo Zhang, and collectively authored by the Research Center of the SCC. This is the first GDP data which was published by China.

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US dollar in the context of Fixed-point arithmetic

In computing, fixed-point is a method of representing fractional (non-integer) numbers by storing a fixed number of digits of their fractional part. Dollar amounts, for example, are often stored with exactly two fractional digits, representing the cents (1/100 of a dollar). More generally, the term may refer to representing fractional values as integer multiples of some fixed small unit, e.g., a fractional amount of hours as an integer multiple of ten-minute intervals. Fixed-point number representation is often contrasted to the more complicated and computationally demanding floating-point representation.

In the fixed-point representation, the fraction is often expressed in the same number base as the integer part, but using negative powers of the base b. The most common variants are decimal (base 10) and binary (base 2). The latter is commonly known also as binary scaling. Thus, if n fraction digits are stored, the value will always be an integer multiple of b. Fixed-point representation can also be used to omit the low-order digits of integer values, for instance, when representing large dollar values as multiples of $1000 ($1K).

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US dollar in the context of Dollar

Dollar is the name of more than 25 currencies. The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives. Others include the Australian dollar, Brunei dollar, Canadian dollar, Eastern Caribbean dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, Trinidad and Tobago dollar, and several others. The symbol for most of those currencies is the dollar sign $; the same symbol is used by many countries using peso currencies.

The name 'dollar' originates from the tolar which was the name of a 29-gram (1.0 oz) silver coin called the Joachimsthaler minted in 1519 in the western part of Bohemia (now the Czech Republic). The word thaler itself comes from the German word Thal, i.e. 'valley'.

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US dollar in the context of Belarusian ruble

The ruble, rouble or rubel (Belarusian: рубель, romanizedrubieĺ; Russian: рубль, romanizedrubl'; abbreviation: Br, ISO code: BYN) is the currency of Belarus. It is subdivided into 100 kopecks (Belarusian: капейка, romanizedkapiejka, Russian: копейка, romanizedkopeyka).

The exchange rate of the Belarusian ruble is determined based on a basket of currencies consisting of the Russian ruble (with a weight of 60%), the US dollar (with a weight of 30%) and the renminbi (with a weight of 10%). The euro was part of said currency basket but was excluded in December 2022 due to a decrease in the volume of trade between Belarus and the European Union.

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US dollar in the context of Cinema of Japan

The cinema of Japan (日本映画, Nihon eiga), also known domestically as hōga (邦画; "Japanese cinema"), began in the late 1890s. Japan has one of the oldest and largest film industries in the world; as of 2022, it was the fourth largest by number of feature films produced (634) and the third largest in terms of box office revenue ($1.5 billion).

During the 1950s, a period dubbed the "Golden Age of Japanese cinema", the jidaigeki films of Akira Kurosawa and the sci-fi films of Ishirō Honda and Eiji Tsuburaya gained Japanese cinema international praise and made these directors universally renowned and highly influential. Some Japanese films of this period are now considered some of the greatest of all time: in 2012, Yasujirō Ozu's film Tokyo Story (1953) was placed at No. 3 on Sight & Sound's 100 greatest films of all time and dethroned Citizen Kane (1941) atop the Sight & Sound directors' poll of the top 50 greatest films of all time, while Kurosawa's film Seven Samurai (1954) topped the BBC's 2018 survey of the 100 Greatest Foreign-Language Films. Japan has also won the Academy Award for Best International Feature Film five times, more than any other Asian country.

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