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CAD. Polynesia. ... Countries That Use The U.S. Dollar. The US dollar’s global dominance gives Washington a powerful tool that it uses to enforce sanctions on people, institutions and countries; … 9 foreign countries where you can use U.S. dollars. Region. Barring some unforeseen catastrophe, the U.S. dollar will likely remain the global currency of choice until such a futuristic time when a global digital money system is invented and accepted. It's also the second most widely held foreign exchange reserve used by central banks . The circulation of banknotes and coins is highest in the world, has surpassed the U.S.dollar as of 2018, with over €1.2 trillion. US Dollar as currency. Cayman Islands. The BMD is the abbreviation for the currency symbol for the Bermudian dollar, which is often written out as BD$. The non-US countries whose official currency is the dollar are Ecuador, El Salvador, Zimbabwe, Timor-Leste, Micronesia, Palau, and the Marshall Islands. Check out the list below to find out which countries use the US dollar. The U.S. dollar is … There's no doubt that the U.S. dollar has immense power. USD is the currency abbreviation for the United States dollar, the official currency of the United States of America. The British Virgin Islands and Turks and Caicos adopted the U.S. dollar as their official currency because of their close relationship with the United States. Caribbean. The currency's name eventually changed to the … Since Panama has no monetary policy, international transactions were done by using the dollar since the country still had a close relationship with the US. Why the Dollar Is the Global Currency . Puerto Rico - a US territorial possession. International bodies like the World Bank and the International Monetary Fund use it as the main currency when giving out loans and grants. Zimbabwe. Visitors will find U.S. dollars equally acceptable. The country only uses the dollar as a legal tender but not as a paper currency. Countries in South America include both the continental regions and the neighboring territories. By Salome Chelangat on July 4 2018 in World Facts. Saudi Arabia: The Telegraph reports that for the first time, Saudi Arabia has refused to cut interest … Poor countries all over the world are using Hydroxychloroquine (HCQ) and it appears to be very useful. Flag. British Virgin Islands. Milosz Maslanka/Shutterstock The U.S. dollar is also used as a quasi-currency in a variety of popular U.S. retirement destinations such as Belize and Panama, and in some areas of Costa Rica. By 2016, the country had run out of paper dollars, and so began printing its own version of currency linked to the U.S. dollar. Ecuador. Key Takeaways Five U.S. territories and seven sovereign nations use the U.S. dollar as their official currency. British Virgin Islands. Although the official currency is the Cambodian riel, the USD is used congruently, and can be used in any transaction. It might seem like a straightforward question with an obvious answer, but there are plenty of countries around the world that use a dollar currency besides the USA. If you're an avid traveler, someone who does business overseas, or an ex-pat, you'll want to keep reading. The benefits of the common currency are immediately obvious to anyone travelling abroad or shopping online on websites based in another EU country. It became the world's reserve currency after the negotiation of the Bretton Woods Agreement in 1944 when it was decided that the world's central banks would use fixed exchange rates between the U.S. dollar and their own currencies. Thanks to this, the country enjoyed an automatic monetary stability which has enabled the smooth circulation of money in the economy. Caribbean. 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