Title: Which Countries Use The Dollar? | TransferGo
Headings: Countries that use the dollar
Countries that use the dollar
US Dollar History
Countries That Use the US Dollar as Their Main Currency

Content: Which Countries Use The Dollar? | TransferGo
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Countries that use the dollar
Countries that use the dollar
It is not unusual to see news articles, blog posts, and social media posts from all over the world that discuss major business deals and even small purchases with the cost listed in US dollars, even when the US is not involved in the transaction. The US dollar is viewed by many as the “unofficial world currency ”. The reasons behind this have a long history. US Dollar History
Up until the end of World War II the British Pound was one of the world’s dominant currencies and was frequently used in international business transactions. However, the war significantly weakened the British economy and the scope of the British Empire. Due to its stability and the fact that the US dollar was backed by gold reserves, it quickly proved a popular choice for countries to tie their exchange rates to. As we’ve mentioned on this blog before, foreign exchange values place a significant value on political and economic stability. Since the US has a long history of both, the designation remained even after the US abandoned the gold standard in the 1970s. The US dollar has never been devalued and all currency that has ever been issued by the US government remains legal tender.