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Is the us dollar honored in Africa?

Updated: 8/18/2019
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8y ago

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A majority of nations throughout the world accept U. S. Dollars. Some do not do this publicly but their is always a market for Dollars. Often countries currency is devaluing on the open market due to inflation running wild and in these cases a hard currency such as dollars, pounds, etc are the only safety nets for people. When my family went to Mexico in the 1990s with a group we were instructed not to exchange our currency until the day we needed it due to this. We were their one week and the Peso fell from a rate of 1800 pesos per dollar to almost 2200 by the end of the week. Merchants in town gladly accepted Dollars but you were warned that you would not get back correct change.

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9y ago

Yes many countries in Africa use the Dollar as a primary or secondary currency.

Zimbabwe for example, replaced its devalued currency with the US Dollar

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