Which makes me wonder why we don't have one world currency at this point.
Wouldn't life be easier?
Could be, but isn't the US Dollar already used in some other countries (Mexico comes to mind) as an accepted form of currency? And, don't some other countries peg their currency to the US dollar anyway?
A merging of the Dollar and the Euro (maybe call it the "Dollero") might strengthen the economies of the countries that use both of those currencies.
Could be, but isn't the US Dollar already used in some other countries (Mexico comes to mind) as an accepted form of currency? And, don't some other countries peg their currency to the US dollar anyway?
Not pegged, but the dollar is used pervasively in Cambodia. For large purchases (over 10 bucks?) they prefer dollars to the reale (currently about 3800 to the buck, ... 38000 reale). Big ticket items (and small) items are quoted in USD.In Mexico its only accepted in tourist areas.
Ecuador and Panama are dollarized.