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The symbol of the Canadian dollar is $, with symbols such as CA$, Can$ and C$ also sometimes used to distinguish CAD from other dollar-denominated currencies.

2000000 in Words can be written as Two Million. If you have saved 2000000 dollars, then you can write, ?I have just saved Two Million dollars.? Two Million is the cardinal number word of 2000000 which denotes a quantity.

A black market arises when exchanges for foreign currency take place at an unofficial (or illegal) exchange rate. If a central bank does not intervene regularly in the Forex market, a black market will very likely arise and the central bank will lose control of the exchange rate.

These transactions are reported on Currency Transaction Reports (CTRs). The federal law requiring these reports was passed to safeguard the financial industry from threats posed by money laundering and other financial crime.

The Internal Revenue Service taxes foreign currencies at their value in dollars, which can create recordkeeping and exchange challenges. You may have to pay taxes on gains if you make a profit on exchanging currencies. You must keep detailed records and note the exchange rates used in case you are audited by the IRS.

Reporting currency is the currency in which an entity's financial statements or other financial documents are reported. Choosing one currency for reporting makes it easier to understand the financial documents across the board.

You must express the amounts you report on your U.S. tax return in U.S. dollars. Therefore, you must translate foreign currency into U.S. dollars if you receive income or pay expenses in a foreign currency. In general, use the exchange rate prevailing (i.e., the spot rate) when you receive, pay or accrue the item.