Don’t some Central American countries like to use US dollars in cash, often preferred rather than their own currency? Mainly due to tourism but also probably some shadier stuff.
Right? A client of mine in Japan have new a hefty tip in USD. While I truly appreciated his kind gesture it was a pain in the ass for me to exchange it without paying for stupid exchange fees.
I don’t think anyone here would want to receive physical USD.
I mean, that’s just false. In a lot of countries with weak or unstable local currencies, big purchases like vehicles and real estate (sometimes even rent) are often done in USD to make sure the money keeps (most of) its value until you want to spend it again. I’ve seen it both in Africa and Asia. I’ve had to handle USD bills a lot even though I’ve never even stepped foot in the Americas.
Both cars I’ve bought and sold in Georgia (the country in the Caucasus) were done with cash USD. This is just how the car market works there. From my experience the situation is similar in Jordan, Lebanon, Egypt (maybe not as common), etc…
It is called US Dollar for a reason.
It is also called a “world reserve currency” for a reason; though hopefully not for much longer
“Money trades hands all over the world”
No, no actually no dollar bills are trading hands in almost any country at all times
Don’t some Central American countries like to use US dollars in cash, often preferred rather than their own currency? Mainly due to tourism but also probably some shadier stuff.
This is mostly the experience of Americans stepping off American cruise ships into American owned shops to buy Chinese goods in the Caribbean.
Two down, hundred ninety to go
No they don’t like to use other currencies.
They might accept it, but they will never like it. Since they will have to convert it before it becomes actually useful.
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Right? A client of mine in Japan have new a hefty tip in USD. While I truly appreciated his kind gesture it was a pain in the ass for me to exchange it without paying for stupid exchange fees.
I don’t think anyone here would want to receive physical USD.
I mean, that’s just false. In a lot of countries with weak or unstable local currencies, big purchases like vehicles and real estate (sometimes even rent) are often done in USD to make sure the money keeps (most of) its value until you want to spend it again. I’ve seen it both in Africa and Asia. I’ve had to handle USD bills a lot even though I’ve never even stepped foot in the Americas.
You’re right I worked that wrong, I meant money changes hands all over the world, not us dollar bills
Haha, no
Not even Zimbabwe uses an other countries currency.
It is called US Dollar for a reason.
The bills with paint travel overseas
Both cars I’ve bought and sold in Georgia (the country in the Caucasus) were done with cash USD. This is just how the car market works there. From my experience the situation is similar in Jordan, Lebanon, Egypt (maybe not as common), etc…
It is also called a “world reserve currency” for a reason; though hopefully not for much longer