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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
Oct 6, 2021 · In part because of its dominant role as a medium of exchange, the U.S. dollar is also the dominant currency in international banking. As shown in Figure 6, about 60 percent of international and foreign currency liabilities (primarily deposits) and claims (primarily loans) are denominated in U.S. dollars.
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 ...
3 days ago · Countries with the US dollar. The American dollar was introduced as the official currency of the United States in 1785 and is used as official currency in 0 countries. In addition, there are numerous countries where the U.S. dollar is readily accepted even in regular retail transactions.
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.
1 day ago · This currency rates table lets you compare an amount in US Dollar to all other currencies.
