The island nations of the Caribbean use several different currencies, including the U.S. dollar, the Eastern Caribbean dollar and the Euro. Although the official currency varies from country to country, most merchants in the Caribbean accept the U.S. dollar, regardless of its official status.
Because travellers in the Caribbean frequently carry U.S. dollars, many merchants provide prices in both dollars and their local currency. Visitors should note that USD prices may be higher than those in local currency. As many Caribbean nations also use the Eastern Caribbean dollar, it is important that travellers clarify which dollar is being referenced when shopping.Learn More
The Euro, the Florin and the U.S. dollar are the official currencies of St. Maarten, according to the island's tourist office. The Euro is accepted on the French side of the island, the Florin is accepted on the Dutch side and U.S. dollars are generally accepted across the island.Full Answer >
The U.S. dollar is the currency used in Hawaii. Hawaii became a U.S. state in 1959. Prior to becoming a state, Hawaii was a territory of the United States, annexed in 1898.Full Answer >
The U.S. dollar is a "fiat" currency, and it is therefore not backed by any tangible commodity, but rather the "full faith and credit of the United States," as is printed on every Federal Reserve note. According to the Federal Reserve, paper currency has not been redeemable for gold or silver since January 30, 1934.Full Answer >
In the sovereign state of Niue, the New Zealand dollar is used as one of two legal currencies. The government of Niue minted a limited series of Niue dollar coins; however, as of 2014, these are mostly for collectors. Prior to the New Zealand dollar, Niue used the pound sterling.Full Answer >