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: Aid and commodities such as oil, gold and petroleum, are also handled in USD. Countries like Haiti or Vietnam often use the dollar to conduct day-to-day transactions and to fight inflation, as domestic currency can reduce buying power in a short amount of time. So, where can the US dollar take you? Here are 5 great destinations. 1. 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.