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The United States dollar (sign: $; code: USD) was first coined in 1794. It was made of a silver alloy and it was designated by law as having "the value of a Spanish milled dollar". The current U.S. dollar was first coined in 2000 and it is made of a copper alloy. The U.S. dollar is normally abbreviated as the dollar sign, $, or as USD or US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents.
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The U.S. dollar is the currency most used in international transactions.[9] Several countries use it as their official currency, and in many others it is the de facto currency.[10]