Overview The $2 dollar bill is America's rarest small denomination in the US Currency. The unique history of the $2 bill has given the note an air of mystery and legend. If you have a $2 dollar bill in your wallet, it is always an instant conversation starter at parties and events where tipping is appropriate. 1976 two dollar bills were somewhat exciting to the general public because this marked the first time a denomination of United States money had seen a redesign in many years. Prior to 1976 all two dollar bills featured Monticello on the back of the bill. 1976 and newer two dollar bills show The Signing of the Declaration of Independence.

1. 2 Dollar Silver Certificate
2. 2 Dollar Bill With Red Ink
3. 2 Dollar Bill Value
4. 2 Dollar Bill
5. 2 Dollar Things

The US Dollar is the currency of United States. Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. The currency code for Dollars is USD, and the currency symbol is $. Below, you'll find US Dollar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog, or take USD rates on the go with our XE Currency Apps and website. More info ►

Top USD Exchange Rates

Currency Facts

Name: US Dollar

Symbol: $ cent: ¢

Minor Unit:
1/100 = cent

Central Bank Rate: 2.00

Top USD Conversion:
USD/EUR

Top USD Chart:
USD/EUR Chart

Inflation: 2.10%

Nicknames:greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, paper

2 Dollar Silver Certificate

Coins:
Freq Used: 1¢, 5¢, 10¢, 25¢
Rarely Used: $1, 50¢

Banknotes:
Freq Used: $1, $5, $10, $20, $50, $100
Rarely Used: $2

Central Bank:
Federal Reserve Bank
Website: http://www.federalreserve.gov

2 Dollar Bill With Red Ink

Users: United States, America, American Samoa, more ...

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US Dollar History

The US central bank is called the Federal Reserve Bank (commonly referred to as 'The Fed'). The USD is the most traded currency in the forex market and can be paired with all other major currencies. Common names for the USD include the greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, and paper.

Importance of the US Dollar
The US Dollar is the most commonly converted currency in the world and is regularly used as a benchmark in the Forex market. As the dominant global reserve currency, it is held by nearly every central bank in the world. Additionally, the Dollar is used as the standard currency in the commodity market and therefore has a direct impact on commodity prices.

Dollarization of the USD
Due to its international acceptance, some countries like Panama and Ecuador use the USD as an official legal tender, a practice known as dollarization. For other countries the Dollar is an accepted alternative form of payment, though not an official currency for the country. Multiple currencies are pegged to the US Dollar:

Country	Peg Rate
Aruban or Dutch Guilder	1.79000
Bahamian Dollar	1.00000
Bahraini Dinar	0.37690
Barbadian Dollar	2.00000
Belizean Dollar	2.00000
Bermudian Dollar	1.00000
Cayman Island Dollar	0.82000
Cuban Convertible Peso	1.00000
Djiboutian Franc	177.721
Dutch Guilder	1.79000
East Caribbean Dollar	2.70000
Eritrean Nakfa	15.0000
Hong Kong Dollar	7.80000
Jordanian Dinar	0.70900
Lebanese Pound	1507.50
Omani Rial	0.38450
Panamanian Balboa	1.00000
Qatari Riyal	3.64000
Saudi Arabian Riyal	3.75000
United Arab Emirati Dirham	3.67250
Venezuelan Bolivar	6.30000

Introduction of the US Dollar
In 1785, the Dollar was officially adopted as the money unit of the United States. The Coinage Act of 1792 created the first U.S. Mint and established the federal monetary system, as well as set denominations for coins specified by their value in gold, silver, and copper. In 1861, the U.S. Treasury issued non-interest-bearing Demand Bills and the very first $10 Demand Bills, featuring Abraham Lincoln, went into circulation. These bills quickly earned the nickname 'Greenbacks' because of their color. In 1863, a national banking system was established and guidelines for national banks were created. These banks were authorized to issue national currency secured by the purchase of US bonds. In 1914, the first $10 Federal Reserve notes were issued.

Silver and Gold Standard in the US
For years, the United States attempted to make a bimetallic standard, starting by adopting a silver standard based on the Spanish Milled Dollar in 1785. However, silver coins soon left circulation becoming completely suspended by 1806. By this time, most countries had already begun to standardize transactions by adopting the gold standard, meaning that any paper money could be redeemed by the government for its value in gold. The Bretton-Woods system was adopted by most countries to set the exchange rates for all currencies in terms of gold. Since the United States held most of the world's gold, many countries simply pegged the value of their currency to the Dollar. Central banks maintained fixed exchange rates between their currencies and the Dollar, turning the US Dollar into the de facto currency of the world. In 1973, the US finally decoupled the value of the Dollar from gold completely.