Most countries have their own money, but some don’t. These countries use money from other nations for their daily needs. This helps them keep their economy stable and avoid problems. Here are five such countries:
1. El Salvador
El Salvador started using the U.S. dollar in 2001 instead of its own money, the colón. This helped the country reduce price increases and attract businesses.
2. Ecuador
Ecuador stopped using its money, the sucre, in 2000 after a big financial problem. It switched to the U.S. dollar, which brought stability and made things better for the economy.
3. Kosovo
Kosovo, a small country in Europe, uses the euro even though it’s not part of the European Union. It started using the euro after becoming independent from Serbia in 2008.
4. Montenegro
Montenegro also uses the euro without being in the European Union. It adopted the euro to keep its economy strong after splitting from Serbia.
5. Liechtenstein
Liechtenstein uses the Swiss franc because it is closely connected to Switzerland. The franc helps keep its economy and banking system stable.
These countries show how using another country’s money can help create stability and economic growth.
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