What currency is tied to the US dollar?

Numerous nations globally opt to stabilize their currencies by linking them to the value of the U.S. dollar, widely regarded as a bastion of stability in the international financial landscape.

This strategy, known as pegging, ensures that the value of these currencies remains relatively constant, providing economic security and reducing volatility for traders and investors.

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Among the currencies that have adopted this approach is the Belize dollar, which has maintained a fixed exchange rate with the U.S. dollar for decades.

Similarly, the Hong Kong dollar is also pegged to the greenback, a system that has been in place since 1983 and has contributed significantly to the city's economic stability and prosperity.