8 Countries Where the US Dollar is Widely Accepted

5. The Bahamas - Tourism and Trade

The Bahamas' economy heavily relies on tourism and international trade, sectors where the US dollar plays a significant role. Given its proximity to the United States, the dollar is widely accepted alongside the Bahamian dollar, which is pegged to the US currency at par. This arrangement simplifies transactions for the millions of tourists who visit the islands each year, as well as for businesses engaged in import and export activities. The dollar's acceptance enhances the Bahamas' appeal as a travel destination and commercial hub, illustrating how currency integration can support economic growth and development in small island economies.