Title: International use of the U.S. dollar - Wikipedia
Headings: International use of the U.S. dollar
International use of the U.S. dollar
Contents
International reserve currency
U.S. Dollar Index
Dollarization and fixed exchange rates
Dollar versus Euro
Chinese-issued U.S. dollar bonds
See also
References

Content: Dollarization and fixed exchange rates
Main article: Dollarization
Other nations besides the United States use the U.S. dollar as their official currency, a process known as official dollarization. For instance, Panama has been using the dollar alongside the Panamanian balboa as the legal tender since 1904 at a conversion rate of 1:1. Ecuador (2000), El Salvador (2001), and East Timor (2000) all adopted the currency independently. The former members of the U.S.-administered Trust Territory of the Pacific Islands, which included Palau, the Federated States of Micronesia, and the Marshall Islands, chose not to issue their own currency after becoming independent, having all used the U.S. dollar since 1944. Two British dependencies also use the U.S. dollar: the British Virgin Islands (1959) and Turks and Caicos Islands (1973). The islands Bonaire, Sint Eustatius and Saba, now collectively known as the Caribbean Netherlands, adopted the dollar on January 1, 2011, as a result of the dissolution of the Netherlands Antilles. The U.S. dollar is an official currency in Zimbabwe, along with the Euro, the Pound Sterling, the Pula, the Rand, and several other currencies. Some countries that have adopted the U.S. dollar issue their own coins: