10 Countries That Don't Have Currency Of Their Own


2024/01/17 13:03:48 IST

Panama

    Panama has used the US dollar as a legal tender since 1904 to promote economic stability.

Ecuador

    Ecuador has used the US dollar as the official currency since 2000 to curb inflation and encourage foreign investment.

El Salvador

    El Salvador has used the US dollar as the official currency since 2001 to boost trade and reduce currency risks.

Andorra

    Andorra has used the Euro since 2011 through a monetary agreement with the EU for integration purposes.

Monaco

    Monaco has used the Euro under a customs and monetary union with France since 2002 for economic cooperation.

San Marino

    San Marino has used the Euro through a monetary agreement with the EU since 2002 to facilitate commerce.

Vatican City

    Vatican City has used the Euro under a monetary agreement with the EU since 1999 for financial and commercial reasons.

Bhutan

    Ngultrum has been pegged to the Indian rupee since 1974 for macroeconomic stability.

Nepal

    The Nepalese rupee pegged to the Indian rupee since 1993 for remittance and trade.

Zimbabwe

    Abandoned the domestic dollar and used foreign currencies like the US dollar since 2009 due to the hyperinflation crisis.

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