Title: Countries That Use The U.S. Dollar
Headings: Countries That Use The U.S. Dollar
Countries That Use The U.S. Dollar
Key Takeaways
Official Use of the U.S. Dollar
Quasi-Use of the U.S. Dollar
The Bottom Line

Content: Countries That Use The U.S. Dollar
Economy Monetary Policy
Countries That Use The U.S. Dollar
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Troy Adkins has 15+ years of residential property investment analysis experience and over a decade of institutional investment consulting experience. Learn about our editorial policies
Troy Adkins
Updated Apr 7, 2020
There's no doubt that the U.S. dollar has immense power. Its value is determined by the strength of the American economy, which is one of the reasons why it's the world's dominant currency. Not only is it the world's most commonly used currency, but it's also the world's reserve currency, meaning it's held in large quantities by central banks around the globe. Commonly known as the greenback, it's also one of the most commonly traded currencies on the foreign exchange market. While its strength as a powerhouse may not be a shock, it may come as a surprise that the dollar is also the official currency of a host of U.S. territories and other sovereign nations around the world. It's also the quasi-official currency of many other nations that commonly accept U.S. dollars in addition to their own local currency. If you're an avid traveler, someone who does business overseas, or an ex-pat, you'll want to keep reading. We've compiled a comprehensive list of places around the world that use the greenback as an official currency. Key Takeaways
Five U.S. territories and seven sovereign nations use the U.S. dollar as their official currency.