The official money used in the United States is called the United States Dollar, which is often abbreviated as USD. It’s divided into 100 smaller units called cents. The people who manage and control the value of this currency are part of an organization called the Federal Reserve System.
You can find US Dollars in different amounts, like 1, 5, 10, 20, 50, and 100 dollars. To write the currency, you use the symbol “$.” This currency is really popular worldwide, and many people and countries use it for trade. It’s also the main currency that central banks around the world keep in their reserves.
The value of the US Dollar compared to other currencies can change, and it’s influenced by things like trade, investments, and oil prices. For example, on January 25, 2023, 1 US Dollar was worth about 231 Indian Rupees (INR).