Quote:
Originally Posted by Ecuadog
I think you're talking solely about foreign stocks, bonds and funds. I don't see other financial interests, such as CDs, being exposed to CURRENCY fluctuations in a country that uses the US dollar as its official currency.
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True, but the list is pretty small and the countries are pretty small.
Countries Using the US Dollar
The list of countries are:
Ecuador (which you might have in your name, which is most likely the basis for your point? I have been to Guayaquil and Quito, but in the late 70's)
Puerto Rico
El Salvador
Zimbabwe
Guam
Virgin Islands
British Virgin Islands
Panama
Bonaire
Democratic Republic of Timor-Leste (where?)
American Samoa
Commonwealth of the Northern Mariana Islands
Federated States of Micronesia
Republic of Palau
Marshall Islands
Turks and Caicos
There are many other countries which peg/fix their local currency to the US dollar, however those pegs can be broken, and are subject to the whims of the foreign government, and crashing economies.