De facto currency
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A de facto currency is a unit of money that is not legal tender in a country but is treated as such by most of the populace. The United States dollar and the euro are the most common de facto currencies.
USD Countries
The following have the USD as their de facto currency:-
- Lebanon
- Zimbabwe
- Iraq - American commercial, governmental and military involvement due to the Iraq War and the Iraqi Dinar's low value has made the US dollar highly preferred.
- Panama
- Somalia
Whilst legal tender, the following countries use currencies that are not their own:
- East Timor - USD
In Kelantan, the Kelantanese dinar is classed as being a de facto currency, although the Malaysian ringgit is the only legal tender currency.
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