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The dollar's role as the undisputed reserve currency of the world allows the United States to impose unilateral sanctions against actions performed between other countries, for example the American fine against BNP Paribas for violations of U.S. sanctions that were not laws of France or the other countries involved in the transactions. [26]
For example, 33 states in the United States have higher minimum wages than the federal rate (plus military rates on federal bases) – on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 countries. [2] In effect, the United States has over 100 different minimum wages across the nation.
The euro is the second largest reserve currency and the second most traded currency in the world after the United States dollar. [ 38 ] [ 39 ] [ 40 ] The euro is used by 20 of its 27 members, overall, it is the official currency in 26 countries, in the eurozone and in six other European countries , officially or de facto.
The United States dollar (symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
USD/JPY exchange rate 1971–2023. The yen (Japanese: 円, symbol: ¥; code: JPY) is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. [2] It is also widely used as a third reserve currency after the US dollar and the euro.
The manat is held in a floating exchange-rate system, managed primarily against the US dollar. The rate of exchange (Azerbaijani manat per US$1) for 28 January 2016, was AZN 1.60. There is a complex relationship between Azerbaijan's balance of trade, inflation, measured by the consumer price index and the value of its currency.
Asia (/ ˈ eɪ ʒ ə / ⓘ AY-zhə, UK also / ˈ eɪ ʃ ə / AY-shə) is the largest continent [note 1] [10] [11] in the world by both land area and population. [11] It covers an area of more than 44 million square kilometres, [note 2] about 30% of Earth's total land area and 8% of Earth's total surface area.