Title: Dollarization: why so many countries use the US dollar - Wise, formerly TransferWise
Headings: Dollarization: why so many countries use the US dollar
Dollarization: why so many countries use the US dollar
Why is the US dollar accepted all over the world and what are the hottest holiday spots to get more bang for your buck?
Dollarization
So, where can the US dollar take you? Here are 5 great destinations.
1. Panama
2. Ecuador
3. Turks and Caicos
4. Cambodia
5. Zimbabwe
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Content: Panama
Panama began using the US dollar alongside the Panamanian balboa shortly after its independence from Colombia in 1903. The adoption of the USD was an obvious choice for the new country as the United States built and maintained the Panama Canal from its inception until its handover back to Panama in 2000. Oh, and while you're there, definitely take a trip to Bocas del Toro. 2. Ecuador
The country has suffered years of political strife fueled by corruption and political machismo. After jumping between currencies, the country finally settled on the sucre, its own currency, beginning in 1884. However, in the late 1990s the value of the sucre depreciated substantially, putting Ecuador on the brink of economic collapse. Then in 2000, the government adopted the US dollar as its official currency. 3. Turks and Caicos
Just Google image “Turks and Caicos” if you’re looking for a reason to go.