Countries That Use or Peg Their Currencies to the U.S. Dollar

Several countries use the U.S. dollar as their official currency, including Panama, Ecuador, El Salvador, Palau, the Federated States of Micronesia, the Marshall Islands and Timor-Leste. Cambodia and Zimbabwe also use the dollar alongside local or other foreign currencies. Many countries maintain their own currencies but fix their exchange rates to the U.S. dollar. Examples include Caribbean currencies such as the Bahamian dollar, Belize dollar, Cayman Islands dollar and Eastern Caribbean dollar. Several oil-producing Gulf states also peg their currencies to the dollar, including Saudi Arabia, the United Arab Emirates, Oman, Qatar and Bahrain. Other examples include Hong Kong, Macau, Jordan and Lebanon.

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