8 Countries Where the US Dollar is Widely Accepted

4. Zimbabwe - From Hyperinflation to Stability

Zimbabwe's tumultuous economic history saw the US dollar become a lifeline during a period of hyperinflation in the late 2000s. The Zimbabwean dollar became practically worthless, leading the government to abandon it in favor of foreign currencies, with the US dollar taking center stage. This move brought relative stability and restored confidence in the economy. While the country has since introduced a new local currency, the dollar remains widely used for major transactions and savings. Zimbabwe's experience highlights the dollar's role as a refuge in times of economic crisis, providing a buffer against volatility and uncertainty.