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. dollar, American dollar, or colloquially buck) is the official currency of the United States and its territories. Dollar, to distinguish it from other dollar-denominated currencies referred to as the dollar, U.S. The United States dollar ( symbol: $ code: USD also abbreviated US$ or U.S.
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