Title: [Answer] What is the only South American country to use the U.S. dollar as its official currency?
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Jan 15, 2021
[Answer] What is the only South American country to use the U.S. dollar as its official currency?
Step 1 : Introduction to the question "What is the only South American country to use the U.S. dollar as its official currency?"
Step 2 : Answer to the question "What is the only South American country to use the U.S. dollar as its official currency?"
Ecuador - The U.S. dollar is the world’s most widely used currency. In addition to being the official currency of the United States and its territories, seven sovereign countries use the dollar as their official currency: Ecuador, El Salvador, Zimbabwe, Timor-Leste, the Federated States of Micronesia, the Republic of Palau, and the Marshall Islands. In 2000, Ecuador was in the midst of a financial crisis when its own currency, the sucre, began to collapse. Citizens began investing their holdings into U.S. dollars, essentially creating a de facto new currency. After the crisis, the Ecuadorian government made the switch official.:
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Content: Ecuador - The U.S. dollar is the world’s most widely used currency. In addition to being the official currency of the United States and its territories, seven sovereign countries use the dollar as their official currency: Ecuador, El Salvador, Zimbabwe, Timor-Leste, the Federated States of Micronesia, the Republic of Palau, and the Marshall Islands. In 2000, Ecuador was in the midst of a financial crisis when its own currency, the sucre, began to collapse. Citizens began investing their holdings into U.S. dollars, essentially creating a de facto new currency. After the crisis, the Ecuadorian government made the switch official.: Please let us know as comment, if the answer is not correct! Step 3 : Disclaimer & Terms of Use regarding the question "What is the only South American country to use the U.S. dollar as its official currency? " Our machine learning tool trying its best to find the relevant answer to your question.