Arab Weather – Yalla Trade – The US dollar ( USD ) is the strongest and most widely traded currency in the world, and is considered a symbol of economic stability and global influence. The US dollar is widely used as an international reserve currency, dominating global financial and trade markets, making it a preferred choice for many countries to adopt it as an official currency or accept it alongside their local currencies.
The influence of the US dollar transcends geographical and political boundaries, as the US currency is used in many countries not only as a currency of exchange, but also as a means of achieving financial stability, attracting investments, and stimulating economic growth. In light of economic turmoil or fluctuations in local currencies, some countries resort to adopting the US dollar as the official currency or accepting it widely to provide economic security and ensure financial stability.
Accepting the US dollar facilitates international trade and travel, as travelers can transact in dollars without having to switch between different currencies, which reduces transaction costs and makes travel smoother. In addition, the adoption of the US dollar in some countries reflects the extent of the influence of the US economy on the global economy and international economic relations.
In this context, we will review seven unexpected countries that use the US dollar as their main currency or accept it alongside their national currencies, and how this affects their daily lives and the visitors who come to them.
List of countries that use the US dollar:
The Bahamas is a group of islands located in the Caribbean Sea, and is a popular tourist destination due to its white beaches and beautiful natural scenery. The US dollar is equivalent to the Bahamian dollar 1:1, which makes dealing in US dollars easy without the need to exchange currency.
Location : The Bahamas are located in the North Atlantic Ocean, about an hour’s flight from Miami.
Ecuador may be one of the few countries that considers the US dollar as the official currency. Ecuador adopted the US dollar in 2000 to combat rapid inflation. The US dollar is the primary currency, making it easier for visitors to transact and buy.
Location : Ecuador is located in western South America, along the Pacific coast.
Palau is an island nation in the Pacific Ocean, and accepts the US dollar as its primary currency under the Compact of Free Association with the United States, and the US dollar is the official currency of Palau.
Location : Palau is located in the western Pacific Ocean, east of the Philippines.
Panama uses the US dollar as its primary currency along with the Panamanian Balboa ( PAB ). Panama is known for its famous Panama Canal and diverse landscapes, and the US dollar is equal to the Balboa 1:1, making it easy to trade in US dollars.
Location : Panama is located in Central America between the Caribbean Sea and the Pacific Ocean.
General Information : Jamaica accepts the US dollar as a secondary currency alongside the Jamaican dollar, and is a popular tourist destination due to its beautiful beaches and natural scenery. The exchange rate is around 155-157 JMD per US dollar.
Location : Jamaica is located in the Caribbean Sea, southeast of Cuba.
General Information : In Belize, the US dollar is widely accepted alongside the Belizean dollar, with a fixed exchange rate of 2:1, and the exchange rate is 2 Belize dollars to 1 US dollar.
Location : Belize is located on the eastern coast of Central America, along the Caribbean Sea.
Aruba is a Caribbean island that accepts the US dollar as well as the Aruban Florin ( AWG ). It has beautiful beaches and a mild climate, and the conversion rate from Aruban Florin to US dollar is about 1.80.
Location : Aruba is located in the Caribbean Sea, northwest of Venezuela.
Ultimately, the US dollar is a global currency that facilitates financial transactions in many countries, making travel to these destinations more convenient and flexible for American travelers.
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This article was written originally in Arabic and is translated using a 3rd party automated service. ArabiaWeather is not responsible for any grammatical errors whatsoever.
