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United States Dollar Day
It's been more than 200 years since Continental Congress of the United States authorized the issuance of the US dollar on August 8, 1786.
After the creation of the US dollar, the fledgling American administration of President George Washington turned its attention to monetary issues again in the early 1790s under the leadership of Alexander Hamilton, the secretary of the treasury at the time.
The United States enjoys many benefits because the dollar serves as the international reserve currency. The United States could not face a balance of payments crisis as American debts are denominated in dollars, thus the Federal Reserve could simply print more dollars.
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