Query: The United States dollar is used in territory owned by the United Kingdom.

Relevant passages:
United States dollar <=SEP=> Infobox currency  | currency_name_in_local =  | image_1 = USDnotes.png  | image_title_1 = Federal Reserve Notes  | iso_code = USD  | iso_number = 840  | iso_exponent = 2  | superunit_name_1 = eagle  | subunit_name_1 = dime  | symbol = $  | nickname =  | frequently_used_banknotes = $ 1 , $ 5 , $ 10 , $ 20 , $ 50 , $ 100  | rarely_used_banknotes = $ 2  | frequently_used_coins = 1 cents , 5 cents , 10 cents , 25 cents  | rarely_used_coins = 50 cents , $ 1  | superunit_ratio_1 = 10  | superunit_ratio_2 = 100  | superunit_ratio_3 = 1000  | superunit_name_2 = union  | superunit_name_3 = grand  | subunit_ratio_1 =  | subunit_ratio_2 =  | subunit_ratio_3 =  | subunit_name_2 = cent  | subunit_name_3 = mill  | symbol_subunit_2 = cents  | symbol_subunit_3 =  | banknote_article = Banknotes of the United States dollar  | coin_article = Coins of the United States dollar  | using_countries = Alongside East Timor centavo coinsAlongside Ecuadorian centavo coinsAlongside Panamanian balboa coinsOfficial currency for Zimbabwean government transactions   | unofficial_users =   The United States dollar ( sign : $ ; code : USD ; also abbreviated US$ and referred to as the dollar , U.S. dollar , or American dollar ) is the official currency of the United States and its insular territories per the United States Constitution . It is divided into 100 smaller cent units . The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars .   The U.S. dollar is commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain ( 24.1 g ) pure or 416 grain ( 27.0 g ) standard silver . Since the currency is the most used in international transactions , it is the world 's primary reserve currency . Several countries use it as their official currency , and in many others it is the de facto currency . Besides the United States , it is also used as the sole currency in two British Overseas Territories in the Caribbean : the British Virgin Islands and Turks and Caicos Islands . A few countries use the Federal Reserve Notes for paper money , while still minting their own coins , or also accept U.S. dollar coins ( such as the Susan B. Anthony dollar ) .

British Overseas Territories <=SEP=> The 14 British Overseas Territories ( BOT ) are territories under the jurisdiction and sovereignty of the United Kingdom . They are the parts of the British Empire that have not been granted independence or have voted to remain British territories . These territories do not form part of the United Kingdom and , with the exception of Gibraltar , are not part of the European Union . Most of the inhabited territories are internally self-governing , with the UK retaining responsibility for defence and foreign relations . The rest are either uninhabited or have a transitory population of military or scientific personnel . They share the British monarch ( Elizabeth II ) as head of state .   The term `` British Overseas Territory '' was introduced by the British Overseas Territories Act 2002 , replacing the term British Dependent Territory , introduced by the British Nationality Act 1981 . Prior to 1 January 1983 , the territories were officially referred to as British Crown Colonies . With the exceptions of the British Antarctic Territory and South Georgia and the South Sandwich Islands ( which host only officials and research station staff ) and the British Indian Ocean Territory ( used as a military base ) , the Territories retain permanent civilian populations . Permanent residency for the 7,000 or so civilians living in the Sovereign Base Areas of Akrotiri and Dhekelia is limited to citizens of the Republic of Cyprus .   Collectively , the Territories encompass a population of about 250,000 people and a land area of about 667018 sqmi . The vast majority of this land area , 660000 sqmi , constitutes the almost uninhabited British Antarctic Territory , while the largest territory by population , Bermuda , accounts for almost a quarter of the total BOT population . At the other end of the scale , three territories have no civilian population ; the Antarctic territory , the British Indian Ocean Territory ( from which the Chagos Islanders were controversially removed ) and South Georgia . Pitcairn Islands , settled by the survivors of the Mutiny on the Bounty , is the smallest settled territory with 49 inhabitants , while the smallest by land area is Gibraltar on the southern tip of the Iberian peninsula . The United Kingdom participates in the Antarctic Treaty System and , as part of a mutual agreement , the British Antarctic Territory is recognised by four of the other sovereign nations making claims to Antarctic territory .   Although the Crown dependencies of Jersey , Guernsey and the Isle of Man are also under the sovereignty of the British monarch , they are in a different constitutional relationship with the United Kingdom . The British Overseas Territories and Crown Dependencies are themselves distinct from the Commonwealth realms , a group of 15 independent countries ( and the United Kingdom ) which each also have Elizabeth II as their reigning monarch , and from the Commonwealth of Nations , a voluntary association of 52 countries mostly with historic links to the British Empire ( which also includes all Commonwealth realms ) .   the Minister responsible for the Territories excluding the Falkland Islands , Gibraltar and the Sovereign Base Areas is Baroness Anelay , Minister of State for the Commonwealth and the UN . The other three territories are the responsibility of Sir Alan Duncan MP , Minister of State for Europe and the Americas .