Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 10-27-2008, 12:37 AM   #21
Confused about dryer sheets
Join Date: Oct 2008
Posts: 8
Originally Posted by Orchidflower View Post
Happened to look at the foreign currency section of the Wall Street Journal this morning, and didn't know that--like Panama--Ecuador, also, uses the U.S. dollar as currency. I wonder how many other countries use the U.S. dollar?
I've done some significant reading on dollarization before. It is a pretty interesting study if you are into economics. Various places have dollarized for some pretty diverse reasons.

Panama has been dollarized since the country was created out of Columbia in 1904. They issue thier own coins, which correspond to US coins in value, size, and composition.

Other places your dollars are officially welcome:

Latin Countries
Ecuador (issues own coins)
El Salvador
Panama (issues own coins)

New Country - US sponsored basically
East Timor (issues own coins)

British Possession, but due to proximity to US and tourism
Turks and Caicos
British Virgin Islands

Former US Trust Territories of:
Marshall Islands
Fed States of Micronesia

A number of countries also peg local currency to the USD.

legacypac is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
HI from PANAMA JOE_PANAMA Hi, I am... 7 03-02-2007 01:47 PM
How to answer questions. ???With a question or assignment????? dex Forum Admin 2 02-25-2007 07:56 AM
MBNA switched from Visa to American Express without permission SonnyJim FIRE and Money 7 09-24-2006 11:01 PM
Retire in Panama Arif Other topics 12 08-25-2006 05:40 AM
Retirement Paradise is Panama pagar Life after FIRE 93 02-23-2006 04:58 PM


All times are GMT -6. The time now is 02:42 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.