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#34086 - 01/28/01 01:52 AM US $$$ in Central America?  
Joined: Aug 2000
Posts: 434
Barefoot Skinny Offline
Barefoot Skinny  Offline
I heard a part of a news report stating that several C.A. countries are odopting US as their official currency. Anyone know which countries and when?

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#34087 - 01/28/01 10:36 AM Re: US $$$ in Central America?  
Joined: Apr 2000
Posts: 3,054
Lan Sluder/Belize First Offline
Lan Sluder/Belize First  Offline
Panama has long used the US dollar as its official currency. Recently El Salvador did so. Guatemala has announced it will permit US dollar accounts and basically allow the dollar as a parallel currency, though it is not adopting it as the official currency. Belize of course for many years has had its dollar, which is worthless outside of Belize, pegged at 2 BZ to 1 US $, and the US dollar is used as a parallel currency.

There has been talk that Costa Rica and perhaps the rest of the C.A. countries will soon go with the U.S. dollar as their currencies.

In South America, Argentina and more recently Ecuador led the way in dollarization of their currencies.

Many of the island nations in the Caribbean use the greenback as either their official or unofficial currencies.

The practical effect of dollarization for visitors, at least in the short term, is likely to be higher prices. Countries with weak currencies tend to dollarize first, and they immediately become more expensive to visit for dollar holders.

--Lan Sluder
Belize First Magazine

Lan Sluder/Belize First
#34088 - 02/03/01 09:12 PM Re: US $$$ in Central America?  
Joined: Nov 2000
Posts: 33
Leo Offline
Leo  Offline
Dear Skinman,
I will be glad to adopt any dollars for my country anytime. If my country will not adopt, I am always willing to adopt for them.

#34089 - 02/05/01 04:04 AM Re: US $$$ in Central America?  
Joined: Aug 2000
Posts: 434
Barefoot Skinny Offline
Barefoot Skinny  Offline
Show me the MONEY!

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Your's not in the Caye of "A"

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