Why do many countries use the "dollar" as their currency?Edit
Like the Hong Kong, Singapore and Australia Dollar… And of course the US Dollar.
Answer by Jai Parimi:
Dollar is shortened 'Thaler' for 'Joachimsthaler' from 'German'.
As per google,
From Thalers to Dollars
- The word dollar is much older than the American unit of currency. It is an Anglicised form of "thaler", the name given to coins first minted in 1519 from locally mined silver in Joachimsthal in Bohemia. Thaler is a shortened form of the term by which the coin was originally known – Joachimsthaler.
How US chose "Dollar" instead of "pound"?
- Later on the English version of the name (dollar) was also applied to similar coins, not only ones minted in central Europe but also the Spanish peso and the Portuguese eight-real piece.
- Those coins, particularly the Spanish peso or dollar circulated widely in Britain's North American colonies because of a shortage of official British coins.
- That is why, after the United States gained its independence the new nation chose "dollar" as the name of its currency instead of keeping the pound.
How other countries chose "Dollar"?