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Why a Dollar is Called a âBuckâ. As with many etymologies, the exact root of this word is difficult to say with one hundred percent certainty. However, the leading theory is extremely plausible and backed up by a fair bit of documented evidence. Specifically, it is thought that a dollar is called a âbuckâ thanks to deer. One of the earliest references of this was in 1748, about 44 years before the first U.S. dollar was minted, where there is a reference to the exchange rate for a cask of whiskey traded to Native Americans being â5 bucksâ, referring to deerskins. At this time, a buck skin was a common medium of exchange.
Itâs just that the living expense in this country is cheaper compared to the living expense in Europe and in the United States. This is mainly the reason why Kuwait currency is known to be so high. Moreover, it is also easier for people to earn Kuwait currency compared to earning dollars.