Which Countries Use Dollar As Their National Currency?
The Dollar is the name of the currencies of a number of different countries. The most important among these is the US Dollar (USD) or the American Dollar. Not only is the US Dollar the main currency of the United States of America, it is the foremost reserve currency held by almost all nations of the world. It is also the standard currency used in the trade of commodities such as petroleum and gold across the world.
Apart from the United States of America, there are a number of countries that use the USD as their national currency as well. This process of adopting the USD as the official currency is known as Dollarization. Despite having adopted the USD these nations may also use their own coins. Here’s a list of these countries –
- Democratic Republic of Timor-Leste
- Federated States of Micronesia
- Marshall Islands
- Republic of El Salvador
- Republic of Palau
- Republic of Zimbabwe (follows a multi-currency system)
The following are US overseas territories or unincorporated territories that also use the United States Dollar as their primary currency –
- American Samoa
- Commonwealth of Puerto Rico
- Commonwealth of the Northern Mariana Islands
- United States Virgin Islands
While the US Dollar may not be the official currency, establishments in many other countries do accept the USD in transactions. It is also a commonly used currency in some Dutch territories such as Bonaire, Saba, and Sint Eustatius.
The United States Dollar is undoubtedly the most important currency in use across the globe. There are, however, a number of other currencies that are also called Dollar. Following are the countries and their currencies that are also called Dollar –
|Cayman Islands Dollar||Cayman Islands|
|East Caribbean Dollar||Grenada|
|Antigua and Barbuda|
|Saint Kitts and Nevis|
|Saint Vincent and the Grenadines|
|Hong Kong Dollar||Hong Kong|
|New Zealand Dollar||New Zealand|