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- In addition to five U.S. territories, 11 foreign countries, territories, and municipalities use the U.S. dollar as their official currency: British Virgin Islands, Ecuador, El Salvador, Marshall Islands, Micronesia, Palau, Timor Leste, Turks and Caicos, and islands of the Caribbean Netherlands, made up of Bonaire, Sint Eustatius, and Saba.
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Aug 23, 2024 · Five U.S. territories and 11 foreign territories, municipalities, and countries use the U.S. dollar as official currency. It is also used as a quasi-currency in others.
- Troy Adkins
Some countries that have adopted the US dollar issue their own coins: See Ecuadorian centavo coins, Panamanian Balboa and East Timorese centavo coins. Some other countries link their currency to US dollar at a fixed exchange rate. The local currencies of Bermuda and the Bahamas can be freely exchanged at a 1:1 ratio for USD.
3 days ago · Belize: In Belize, the Belizean dollar is officially used, but the US dollar is accepted nearly everywhere. The local currency is pegged to the USD at a fixed rate of 2:1, and many businesses, especially those catering to tourists, price goods and services in US dollars. Liberia: This country uses the US dollar as its paper currency alongside ...
Feb 19, 2024 · The following countries and territories accept the US dollar alongside a local currency: Aruba: Aruba uses the US dollar alongside the Aruban florin (AWG). Both the florin and the US dollar are widely accepted.
Oct 6, 2021 · This note reviews the use of the dollar in international reserves, as a currency anchor, and in transactions. 2 By most measures the dollar is the dominant currency and plays an outsized international role relative to the U.S. share of global GDP (see Figure 1). That said, this dominance should not be taken for granted and the note ends with a ...
In addition, many countries and territories peg the value of their own local currency to that of the US dollar, exchanging it either 1:1 or at a different, but fixed exchange rate. These countries and territories include Lebanon , Hong Kong , Saudi Arabia , Grenada , and Aruba.
May 23, 2018 · American Samoa, American Virgin Islands, Guam, Northern Mariana Islands, Puerto Rico (territories of the United States) British Virgin Islands, Turks and Caicos (territories of the United Kingdom)
