3 ms·
The peso was pegged 1:1 to the US Dollar in the 1990s and people able to have been using US Dollars for a long time. There are a number of countries who use a
by mytailorisrich 3y ago
The peso was pegged 1:1 to the US Dollar in the 1990s and people able to have been using US Dollars for a long time.
There are a number of countries who use a currency over which they have not control, be it the US Dollar or the Euro. I suppose the trade off is that you get a stable currency and it makes trade easier.