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US $$$ in Central America? #34086
01/28/01 01:52 AM
01/28/01 01:52 AM
Joined: Aug 2000
Posts: 434
Belize
Barefoot Skinny Offline OP
.
Barefoot Skinny  Offline OP
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?


PS. Find out what I'm up to at www.broadjam.com/barefootskinny

Your's not in the Caye of "A"
Re: US $$$ in Central America? #34087
01/28/01 10:36 AM
01/28/01 10:36 AM
Joined: Apr 2000
Posts: 3,054
Asheville, NC USA
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 http://www.turq.com/belizefirst/


Lan Sluder/Belize First
http://www.belizefirst.com
Re: US $$$ in Central America? #34088
02/03/01 09:12 PM
02/03/01 09:12 PM
Joined: Nov 2000
Posts: 33
U.S.A.
L
Leo Offline
 
Leo  Offline
L
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.
LEO

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


PS. Find out what I'm up to at www.broadjam.com/barefootskinny

Your's not in the Caye of "A"

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