Forbidden dollar: list of 14 countries that do not allow their use

For decades the US dollar It has been one of the most used coins in the international trade and in everyday transactions. However, in more than 14 countries its use is prohibited or severely restricted.

This measure has a direct impact on local financial operations and in the lives of millions of people.

Causes

Among the main reasons are economic sanctions in the United States, inflation of local currencies and government policies to strengthen national economies.

In many cases, the dollar It has been considered a currency that can affect the economic stability of the countries, since it increases the dependence on foreign currencies instead of promoting the use of national currencies.

List of countries that prohibit the dollar

1. North Korea
2. Cuba
3. Iran
4. Venezuela
5. Zimbabwe
6. Syria
7. Sudan
8. Afghanistan
9. Algeria
10. Nepal
11. Bangladesh
12. Ethiopia
13. Myanmar
14. Nigeria

In these nations, the dollar is not used in local transactions, and the authorities have promoted the use of national currencies, such as Afghani, Syrian Libra, Naira and others.

Impact: Benefits and Disadvantages

First, citizens are forced to adapt to the use of national currencies, which can generate uncertainty in terms of financial stability.

On the other hand, this measure can also have positive effects, such as the strengthening of local economies and the reduction of foreign currency dependence.