Which countries have more than one official currency?

Stew54

I don't know of any countries that have more than one official currency, at least not at the same time. For a time, two currencies may be legal tender in a country if the currency has recently been changed - the former currency may remain in legal use for an overlap period even though it has ceased to be the official currency. Some countries also officially accept that transactions may be made in a particular foreign currency as well as their own - se for example El Salvador and Panama which officially recognise the US Dollar as a legitimate currency in their jurisdiction even though they do each have their own official currency. More commonly, it can be the unofficial local practice to accept payment offered in another currency as well as the official one - this is especially common in border or tourist areas or in countries where the local currency is not very stable. Jan 30 05, 4:29 PM

author

I think you forget that Serbia-Montenegro (which is one country) has two official currencies, Yugoslav dinar in Serbia and euro in Montenegro. Feb 05 05, 1:43 PM

Stew54

I think you might be technically correct, author, though Montenegro severed its economy from federal control and from Serbia during the Milosevic era and continues to maintain its own separate central bank, collects entirely separate customs tariffs, and manages its own budget. In economic terms therefore the two are entirely distinct. Feb 05 05, 4:11 PM

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