List Of Countries That Use The Us Dollar
The US dollar is the most widely traded currency in the world and is used as the standard currency in international transactions. Many countries also use the US dollar as their official currency, either exclusively or alongside their own currency. Here is a list of countries that use the US dollar:
1. Ecuador
Ecuador officially adopted the US dollar as its official currency in 2000 after a severe economic crisis. The country uses the dollar exclusively for all transactions, and there is no Ecuadorian currency in circulation.
2. El Salvador
El Salvador adopted the US dollar as its official currency in 2001, replacing the Salvadoran colón. The country uses the dollar exclusively, and there is no Salvadoran currency in circulation.
3. Marshall Islands
The Marshall Islands adopted the US dollar as its official currency in 1991, replacing the Marshallese mark. The country uses the dollar exclusively, and there is no Marshallese currency in circulation.
4. Micronesia
Micronesia adopted the US dollar as its official currency in 1983, replacing the Micronesian dollar. The country uses the dollar exclusively, and there is no Micronesian currency in circulation.
5. Palau
Palau adopted the US dollar as its official currency in 1994, replacing the Palauan dollar. The country uses the dollar exclusively, and there is no Palauan currency in circulation.
6. Panama
Panama uses the US dollar as its official currency, alongside the Panamanian balboa. The two currencies are used interchangeably, and there is no official exchange rate between them.
7. Puerto Rico
Puerto Rico uses the US dollar as its official currency, as it is a territory of the United States. The island has its own series of banknotes, which are issued by the Banco Popular de Puerto Rico.
8. Timor-Leste
Timor-Leste adopted the US dollar as its official currency in 2000, replacing the Indonesian rupiah. The country uses the dollar alongside its own currency, the Timorese centavo coins.
9. US Virgin Islands
The US Virgin Islands uses the US dollar as its official currency, as it is a territory of the United States. The island has its own series of banknotes, which are issued by the Firstbank of the Virgin Islands.
10. Zimbabwe
Zimbabwe adopted the US dollar as its official currency in 2009, after hyperinflation rendered its own currency worthless. However, the Zimbabwean government reintroduced the Zimbabwean dollar in 2019, which is now the official currency of the country.
Other countries, such as the Bahamas, Bermuda, and the Cayman Islands, use the US dollar as their de facto currency, but they have their own currency in circulation alongside it. The US dollar remains a dominant currency in international trade and is accepted in many countries around the world.