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The US dollar is an investment currency in many capital market.

The US dollar is a reserve currency held by many central banks around the world.

The US dollar IS an invoice currency in many contracts.

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11y ago
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16y ago

Because it is a stable World economic standard.

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14y ago

Based on history. The British Pound used to be the standard. The Euro and Japanese Yen are rapidly becoming alternates and probably the Chinese Yuan will become another in the next few years.

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Q: Why do some countries use the us dollar as their currency?
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Related questions

How do you write 3.2 million dollars?

$32,000,000, but you should specify what dollars since many countries use dollar as their currency.$32,000,000, but you should specify what dollars since many countries use dollar as their currency.$32,000,000, but you should specify what dollars since many countries use dollar as their currency.$32,000,000, but you should specify what dollars since many countries use dollar as their currency.


Which coins make a dollar?

The answer will depend on which country's dollar: there are many countries that use the dollar as a currency and they have different coinage.


What Latin American countries use the dollar?

Ecuador and El Salvador use the US dollar as their official currency. Panama also uses the dollar alongside its own currency, the Panamanian Balboa.


How many inch is 100 dollar note sgd?

There are many countries that use dollar as their currency. You did not specify which.


What dollar do Italy use?

The currency used is the same one as most of the European Union countries: The EURO!


What currency does America use?

The currency in America is the US Dollar. A currency is a system of money used in a country. Some countries share currencies, like the Euro, while others have their own. The US Dollar is the official currency of the United States and its overseas territories. It is sometimes also referred to as the American Dollar or the United States Dollar.


How much is one dollar in pakistan currency?

There are many countries that use dollars as their currency denomination: Australia, Canada, Hong Kong, USA are some examples. You have not specified which one.


What countries use the US dollar as their currency?

Lebanon, Zimbabwe, Iraq, Panama, Ecuador


How much is 340 peso in dollar?

There are several countries that use "peso" as the name of their currency, and several countries that use "dollar" as the name of their currency. You need to specify which peso and which dollar. For example, 340 Mexican pesos (MXP) is about 26 U.S. dollars (USD) as of June 2014.


What is the name of currency?

there is no true name for currency. currency is the type of "money" people use to purchase things for example US currency is called the dollar and England currency is called the pound


Is there a world currency?

dollar No, most countries of the world have their own independent countries. Some groups countries have a joint countries, most notably the countries using the Euro (€). Finally, a few small or economically week countries use somebody else's currency. For example, Liechtenstein uses the Swiss Frank.


What is a dollar in Germany called?

It is called a dollar, same as it is called everywhere else in the world. No country in Europe has a currency called dollar. Examples of countries with currencies called dollar are USA, Canada, Australia, Singapore, and more besides.