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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 Since 1971, all links to gold have been repealed.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. The Coinage Act of 1792 introduced the U.S. When we compare today’s () values with the last 7 days, average Dollar to Naira rate had a 6.57 points increase from ₦773.93 to ₦780.50 which corresponds to a 0.85% rise.ĭollar to Naira black market exchange rate today is between ₦765 and ₦775 with an average of ₦770.50 on in Nigeria, according to 4 buy rates extracted from the comments coming from our users.  The United States dollar is the official currency of the United States and several other countries. cannot guarantee correctness of the buy rates shared by users listed above.ĭollar to Naira black market exchange rate today is between ₦775 and ₦785 with an average of ₦780.50 on in Nigeria, according to 4 sell rates extracted from the comments coming from our users.įor the last 7 days, between and, Dollar to Naira black market sell rate took values between ₦765 and ₦786 with an average of ₦773.93. Some buy rates extracted from the user comments on this page: Currency cannot guarantee correctness of the sell rates shared by users listed above. Some sell rates extracted from the user comments on this page: Currency Please, DO NOT TRADE with the users listed here use this platform only for data purposes. Dm if you have any, more than willing to assist you.

cannot guarantee trustworthiness of the contacts listed here. 54.50 is what you'll find most common but you will get higher and lower rates when you move higher or lower the supply chain.