Cryptocurrency Q&A
Which countries exchange their own currency?
Which countries exchange their own currency?
CryptoEagle
Tue Nov 19 2024
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6
answers
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I'm wondering about the countries that have their own currency and actively exchange it. I want to know which nations operate with a distinct, locally-issued currency that's used for international transactions.
6 answers
henry_miller_astronomer
Wed Nov 20 2024
Saudi Arabia follows a similar policy, pegging the Saudi riyal to the US dollar.
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CryptoTitanGuard
Wed Nov 20 2024
Various countries and territories have adopted a policy of pegging their local currency to the US dollar.
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CryptoMagician
Wed Nov 20 2024
This pegging can be done on a 1:1 basis or at a different yet fixed exchange rate.
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Stefano
Wed Nov 20 2024
Grenada and Aruba are other territories that have chosen to peg their currencies to the US dollar.
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JejuSunrise
Wed Nov 20 2024
Lebanon is one such country where the local currency, the Lebanese lira, is pegged to the US dollar.
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