Title: Countries That Use the US Dollar - WorldAtlas
Headings: Countries That Use the US Dollar
Countries That Use the US Dollar
Countries That Use the US Dollar
Zimbabwe
Costa Rica
Iraq
Panama
Benefits of Using the US Dollar
Countries That Use the US Dollar

Content: Panama
Despite the national currency being the Balboa, the country still uses the dollar as the national currency in business activities. The country only uses the dollar as a legal tender but not as a paper currency. 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. Thanks to this, the country enjoyed an automatic monetary stability which has enabled the smooth circulation of money in the economy. Benefits of Using the US Dollar
The use of the dollar has proved to be beneficial to the countries’ economies especially in the case of Panama. There are questions whether it encourages the foreign dominance in the affairs of the country by nationalist groups. The prestige of using the US currency is not lost since the US is widely seen as the leader of the free world. American dominance of the world is not just in military perspective but in the world economy too. By using the dollar, these countries do expect to benefit from that dominance through trade. Countries That Use the US Dollar
﻿Countries and Territories That Use the US Dollar
Bahamas
Barbados
Belize
Bermuda
Cambodia
Costa Rica
Ecuador
El Salvador
Federated States of Micronesia
Haiti
Honduras
Iraq
Lebanon
Liberia
Marshall Islands
North Korea
Palau
Panama
Somalia
Timor-Leste
United States
Uruguay
Zimbabwe
Salome Chelangat July 4 2018 in World Facts
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Countries That Use the US Dollar