8 Countries Where the US Dollar is Widely Accepted

3. Cambodia - A Post-Conflict Adoption

In Cambodia, the US dollar emerged as a key currency following decades of conflict and economic instability. During the 1990s, as the country sought to rebuild, the dollar became widely used for both official and unofficial transactions. This adoption was driven by a need for a stable currency in the face of a weakened local economy. Today, while the Cambodian riel is the official currency, the dollar is prevalent in urban areas and major transactions. The reliance on the dollar has helped stabilize prices and attract foreign investment, though it also poses challenges for monetary policy and economic independence.