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I'm an American that travels extensively, as well as lives abroad. The only places outside the US that accept US dollars are places located near the US border,
by s_henry_paulson 14y ago
I'm an American that travels extensively, as well as lives abroad.
The only places outside the US that accept US dollars are places located near the US border, or heavily trafficked tourist areas.
- stellar678 14y agoLots of people in Latin America prefer to work with dollars when they can. Look at what the government of Argentina has been up to recently in terms of limiting the population's access to US dollars if you don't believe this. People in high-inflation places can benefit from holding dollars instead of their local currency - and one easy way to get ahold of them is just to accept them as payment for goods or services.
- stevesearer 14y agoAgreed, I was just in Costa Rica and most businesses I encountered accepted USD. I also think its ease of conversion with the local currency helped as no calculating was really necessary.