Cryptocurrency Q&A
What are the dollar bloc currencies?
What are the dollar bloc currencies?
Davide
Mon Oct 28 2024
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7 answers
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I'm interested in learning about the dollar bloc currencies. Could you please explain what these currencies are and provide some background information on them?
7 answers
Michele
Wed Oct 30 2024
This peg has been in place since 1983, and it helps maintain the stability of the Hong Kong dollar.
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CryptoNinja
Wed Oct 30 2024
The dollar bloc is a group of economies that use the U.S. dollar as their official currency or maintain a fixed exchange rate with the dollar.
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CryptoLord
Wed Oct 30 2024
Panama is a fully dollarized country, meaning the U.S. dollar is used as the sole legal tender in the country.
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Tommaso
Wed Oct 30 2024
Hong Kong, on the other hand, operates a currency board system where the Hong Kong dollar is pegged to the U.S. dollar.
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EthereumEagleGuard
Tue Oct 29 2024
Argentina was also part of the dollar bloc, as it maintained a U.S. dollar-pegged currency board from 1991 to December 2001.
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