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: 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. Another factor in the worldwide use of the dollar is the currency’s acceptance. The currencies of many wealthy countries, including Russia and China, are not accepted worldwide. This greatly limits the ability to use the ruble and yuan for international transactions. The same criteria can be used for many of the currencies of the oil rich Middle Eastern countries. It is estimated that as much of as 80% of all transactions in Asia are made in dollars.