The Surprising Birthplace of The Dollar

Five hundred years after coining the first dollar, a tiny mining town is coming to grips with the many ways it shaped the modern world. The US dollar is the most widely used currency in the world. It is both the primary de facto global tender and the world’s unofficial gold standard.

According to the International Monetary Fund, 62% of the planet’s financial reserves are held in US dollars – more than double the total foreign holdings of euros, yen and renminbi combined.