It formally established the gold standard, making certain the dollar’s value was directly tied to a certain degree of gold. Within the United States, paper money has become issued in dollar amounts given that 1861. Portraits of American political figures show up on the different denominations of U.S. banknotes: https://financefeeds.com/global-fx-market-summary-israel-strikes-irans-nuclear-facility-gold-fed-currency-volatility-13-june-2025/