8 Countries Where the US Dollar is Widely Accepted

8. Myanmar - A Transitioning Economy

Myanmar's economic transition has been marked by a gradual opening to international markets and a growing acceptance of the US dollar. As the country emerges from decades of isolation, the dollar has become a preferred currency for many businesses and travelers, reflecting its role in facilitating trade and investment. While the local currency, the kyat, remains in use, the dollar's presence is particularly strong in sectors like tourism and real estate. This dual-currency environment supports Myanmar's integration into the global economy, highlighting the dollar's function as a bridge for countries undergoing economic reform and development.