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List of currencies in the Americas

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Worldwide use of the U.S. dollar and the euro:
  United States
  External adopters of the US dollar
  Currencies pegged to the US dollar
  Currencies pegged to the US dollar w/ narrow band
  Eurozone
  External adopters of the euro
  Currencies pegged to the euro
  Currencies pegged to the euro w/ narrow band
Note that the Belarusian ruble is pegged to the euro, Russian ruble, and U.S. dollar in a currency basket.

There are 18 currencies currently in official use in the 23 sovereign states of North America.

A currency is a medium of exchange, such as money, banknotes, and coins.[1] In North America, a commonly used currency is the United States dollar;[2] it is the world's reserve currency;[2] the world's need for United States dollars has led to Americans, and the American government, being able to borrow at lower costs. The resulting economic value to the U.S. is calculated at over $100 billion annually.[3] But by increasing the United States dollar's value, its position as a reserve currency damages United States exporters.[4][5] In international commodity markets, the United States dollar is also standard.[2] In the phenomenon known as 'dollarization', the U.S. dollar has been adopted as the official currency of several other countries.[6] Semi-dollarization exists in a few other countries where the U.S. dollar is recognised as legal tender alongside another currency, and unofficial dollarization exists in many areas where the U.S. dollar is widely used and accepted although it is not recognized as legal tender.[6]

By the number of countries in North America utilising a currency, the East Caribbean dollar is most used. The East Caribbean dollar is pegged to the United States dollar, and has been for over 35 years, since 1976.[7] Before the East Caribbean dollar was pegged to the United States dollar, it was pegged to the Pound sterling.[7] It is used in all seven member countries of the Organisation of Eastern Caribbean States (OECS) and Anguilla (a British overseas territory); the only OECS member using a different currency is the British Virgin Islands,[8] a British overseas territory where the U.S. dollar is the official currency.[9][10] The Eastern Caribbean Central Bank was formed in 1983.[8]

Current North American currencies

List of all North American currencies
Country Present currency Currency sign Fractional unit Previous currency Country bank website
 Antigua and Barbuda East Caribbean dollar[11] $[11] Cent British West Indies dollar[8] Eastern Caribbean Central Bank
 The Bahamas Bahamian dollar[12] $[12] Cent Pound sterling[13] The Central Bank of the Bahamas
 Barbados Barbadian dollar (also called Bajan dollar)[14] $[14] Cent British West Indies dollar[15] The National Bank of Barbados
 Belize Belize dollar[16] $[16] Cent Spanish dollar[17] Central Bank of Belize
 Canada Canadian dollar[18] $[18] Cent Canadian pound[19] Bank of Canada
 Costa Rica Costa Rican colón[20] ₡[20] Céntimo[20] Costa Rican peso[21] The National Bank of Costa Rica
 Cuba Cuban peso
Cuban convertible peso[22][23] 		CUC$[22]
₱[24] 		Cent[22]
Centavo[24] 		None[25] Central Bank of Cuba
 Dominica East Caribbean dollar[11] $[11] Cent British West Indies dollar[8] National Bank of Dominica, Eastern Caribbean Central Bank
 Dominican Republic Dominican peso[26] RD$[26] Centavo[26] None[27] Central Bank of Dominican Republic
 El Salvador United States dollar[28] $[28] Cent[28] None[29] N/A
 Grenada East Caribbean dollar[30] $[11] Cent[11] British West Indies dollar[8] Eastern Caribbean Central Bank
 Guatemala Guatemalan quetzal[31] Q[31] Centavo[31] None[32] Central Bank of Guatemala
 Haiti Haitian gourde[33] G[33] Centime[33] Haitian livre[34] Bank of the Republic of Haiti
 Honduras Honduran lempira[35] L[35] Centavo[35] Honduran peso[36] The Central Bank of Honduras
 Jamaica Jamaican dollar[37] J$[37] Cent[37] Jamaican pound[38] N/A
 Mexico Mexican peso[39] $[39] Cent[39] None[40] The Bank of Mexico
 Nicaragua Nicaraguan córdoba[41] C$[41] Centavo[41] Nicaraguan peso[42] The Central Bank of Nicaragua
 Panama Panamanian balboa[43]
United States dollar[28] 		B/.[43]
$[28] 		Centésimo[44]
Cent (United States dollar)[28] 		Colombian peso[44] National Bank of Panama
 Saint Kitts and Nevis East Caribbean dollar[45] $[11] Cent[11] British West Indies dollar[8] Eastern Caribbean Central Bank
 Saint Lucia East Caribbean dollar[46] $[11] Cent[11] British West Indies dollar[8] Eastern Caribbean Central Bank
 Saint Vincent and the Grenadines[11] East Caribbean dollar[11] $[11] Cent[11] British West Indies dollar[8] Eastern Caribbean Central Bank
 Trinidad and Tobago Trinidad and Tobago dollar[47] TT$[47] Cent[47] British West Indies dollar[48] Central Bank of Trinidad and Tobago
 United States of America United States dollar[28] $[28] Cent[28] None[29] N/A

References

  1. ^ "cur•ren•cy, definition 1". The Free Dictionary. Retrieved 13 October 2013.
  2. ^ a b c "USD – US Dollar". Currencies Direct. Retrieved 1 January 2014.
  3. ^ Rogoff, Kenneth (October 2013). "America's Endless Budget Battle". Project Syndicate.
  4. ^ "America's 'Exorbitant' Privilege Will Continue". Retrieved 3 September 2013.
  5. ^ "The rise and fall of the dollar Go with the flows". The Economist. Retrieved 3 September 2013.
  6. ^ a b "The U.S. Dollar's Unofficial Status as World Currency". Investopedia. 12 April 2010. Retrieved 1 January 2014.
  7. ^ a b "ECCU commemorates 34th Anniversary of EC dollar pegged to the US dollar". Dominica News Online. 8 July 2010. Retrieved 1 January 2014.
  8. ^ a b c d e f g h "East Caribbean Dollar". Oanda. Retrieved 1 January 2014.
  9. ^ "Money in Virgin Islands". Frommer's. Retrieved January 10, 2014.
  10. ^ "Virgin Islands (British) Customs, Currency & Airport Tax regulations details". TravelCentre. International Air Transport Association. Retrieved January 10, 2014.
  11. ^ a b c d e f g h i j k l m n "XCD - East Caribbean Dollar". Xe. Retrieved 31 December 2013.
  12. ^ a b "BSD - Bahamian Dollar". Xe. Retrieved 31 December 2013.
  13. ^ "Bahamian Dollar". Oanda. Retrieved 1 January 2014.
  14. ^ a b "BBD - Barbadian or Bajan Dollar". Xe. Retrieved 31 December 2013.
  15. ^ "Barbados Dollar". Oanda. Retrieved 1 January 2014.
  16. ^ a b "BZD - Belizean Dollar". Xe. Retrieved 31 December 2013.
  17. ^ "Belize Dollar". Oanda. Retrieved 1 January 2014.
  18. ^ a b "CAD - Canadian Dollar". Xe. Retrieved 31 December 2013.
  19. ^ "Canadian Dollar". Oanda. Retrieved 1 January 2014.
  20. ^ a b c "CRC - Costa Rican Colon". Xe. Retrieved 31 December 2013.
  21. ^ "Costa Rican Colon". Oanda. Retrieved 1 January 2014.
  22. ^ a b c "CUC - Cuban Convertible Peso". Xe. Retrieved 31 December 2013.
  23. ^ "Cuba: Money Exchange". TripAdvisor. Retrieved 31 December 2013.
  24. ^ a b "CUP - Cuban Peso". Xe. Retrieved 31 December 2013.
  25. ^ "Cuban Convertible Peso". Oanda. Retrieved 1 January 2014.
  26. ^ a b c "DOP - Dominican Peso". Xe. Retrieved 31 December 2013.
  27. ^ "Dominican Peso". Oanda. Retrieved 1 January 2014.
  28. ^ a b c d e f g h i "USD - US Dollar". Xe. Retrieved 31 December 2013.
  29. ^ a b "United States Dollar". Oanda. Retrieved 1 January 2014.
  30. ^ Mawer, Fred. "Grenada travel guide". The Telegraph. Retrieved 31 December 2013.
  31. ^ a b c "GTQ - Guatemalan Quetzal". Xe. Retrieved 31 December 2013.
  32. ^ "Guatemalan Quetzal". Oanda. Retrieved 1 January 2014.
  33. ^ a b c "HTG - Haitian Gourde". Xe. Retrieved 31 December 2013.
  34. ^ "Haiti Gourde". CurrencyConverter.co.uk. Retrieved 1 January 2014.
  35. ^ a b c "HNL - Honduran Lempira". Xe. Retrieved 31 December 2013.
  36. ^ "Honduran Lempira". Oanda. Retrieved 1 January 2014.
  37. ^ a b c "JMD - Jamaican Dolla". Xe. Retrieved 31 December 2013.
  38. ^ "Jamaican Dollar". Oanda. Retrieved 1 January 2014.
  39. ^ a b c "MXN - Mexican Peso". Xe Mexico. Retrieved 31 December 2013.
  40. ^ "Mexican Peso". Oanda. Retrieved 1 January 2014.
  41. ^ a b c "NIO - Nicaraguan Cordoba". Xe. Retrieved 31 December 2013.
  42. ^ "Nicaraguan Cordoba Oro". Oanda. Retrieved 1 January 2014.
  43. ^ a b "PAB - Panamanian Balboa". Xe. Retrieved 31 December 2013.
  44. ^ a b "Panamanian Balboa". Oanda. Retrieved 31 December 2013. Cite error: The named reference "Oanda Panama" was defined multiple times with different content (see the help page).
  45. ^ "Compare Money Transfers to Saint Kitts And Nevis". ExchangeRates.org.uk. Retrieved 31 December 2013.
  46. ^ "Practical Information". Visit St Lucia. Retrieved 31 December 2013.
  47. ^ a b c "TTD - Trinidadian Dollar". Xe. Retrieved 31 December 2013.
  48. ^ "Trinidad/Tobago Dollar". Oanda. Retrieved 2 January 2014.
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