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Bahrainian dinars, also known as rubias. Photo by Ahmed Rabea.
The Netherlands Antilles
In the eastern Caribbean, this island group is made up of Curacao, Bonaire, Saba, St. Eustatius and Sint Maarten. The national currency, the Netherlands Antillean guilder, is pegged to the USD at a rate of 1.79 to 1.
All the islands are tourist magnets; their infrastructure is better developed than many other island nations in the region, thanks in part to support from the Dutch government. Bonaire and Curacao have the added bonus of being below the hurricane belt.
Their close cousin, Aruba, another one-time Dutch colony, also pegs its Aruban florin to the USD at the same rate.
Tourists explore Petra, Jordan. Photo by bribriTO.
Jordan
Jordan’s been drawing tourists for years thanks to its relative stability and fabulous archaeological sites. The Jordanian dinar is pegged to the USD at a rate of 0.709 to 1.
Several other Middle Eastern countries have also hitched their currencies to the USD. Bahrain’s dinar clocks in at 0.376 to 1, Lebanon‘s pound is pegged at 1507.5 to 1, and Oman‘s rial is set at 0.3845 to 1.
In Qatar, the rial is pegged at 3.64 to 1, and if you can get your hands on a tourist visa for Saudi Arabia, you’ll enjoy a riyal pegged at 3.75 to 1 there. Finally, Dubai and the rest of the United Arab Emirates have pegged the Emirati dirham at 3.67 to 1.
Barbados
Ah, lovely Barbados. With progressive laws on public beach access and a government intent on defending local culture as best it can, it’s done a better job than most Caribbean islands of resisting total resortification. It’s also got a dollar that’s pegged to the USD at a rate of 2 to 1.
Elsewhere in the eastern Caribbean, the Trinidad and Tobago dollar is steady at 6.33 to 1. The eastern Caribbean dollar, the currency used by Antigua, Dominica, St. Kitts, St. Lucia, St. Vincent and the Grenadines, and Grenada, is also fixed at a rate of 2.7 to 1.
Lonely paradise on a Maldive island. Photo by Nattu.
Maldives
This Indian Ocean paradise may be one of the first nations to vanish under the rising waters of climate change – but until that happens, you can still enjoy the Maldivian rufiyaa at a fixed rate of 12.8 to 1 USD.
Belize
A rising star in Central American travel, Belize has pegged its dollar at 2 to 1. Neighboring Venezuela is a little further from the travel mainstream, thanks to the antics of its leader, Hugo Chavez. Still, if you decide to head that way, you’ll find the Venezuelan bolivar fixed at 2.15 to 1.
The Bahamas
As one of the wealthiest nations in the Caribbean, the Bahamas aren’t necessarily cheap. They are, however, stable and predictable: the Bahamian dollar is pegged to the USD at a rate of 1 to 1.
Residential high-rises in Hong Kong. Photo by Charles Lam.
Hong Kong
One of the great metropolises of the world, Hong Kong is a hectic, brightly-lit intersection of West and East. The HK dollar is pegged to the USD at a rate of 7.8 to 1.
Community Connection
For more information on travel to some of these countries, check out our Caribbean guides to Barbados, Dominica or Bequia, in St. Vincent and the Grenadines.
The Matador Network’s also got a guide to Belize’s Caye Caulker, and a few essays about travel in the Middle East: try How Teaching in Oman Taught Me the Shades of Islam, or Hidden Kingdom: Understanding Women’s Rights in Saudi Arabia.
Eva Holland
Eva Holland is a freelance writer, Senior Editor of World Hum and a longtime contributor to the Matador community. She lives in Canada’s Yukon Territory and blogs about Alaska and Yukon travel at Travelers North.
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during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal.
Our home business was really affected by the Economic recession, we have to cut jobs just to cover up our losses. fortunately, we have already recovered. ‘
I realize this is an older post but I stumbled upon on it again while looking at a newer post about Belize. This is the post that inspired my first solo trip ever. I went to Belize for a couple weeks and became hooked on traveling. I leave in July for a solo trip to S. America. Thanks for the inspiration Matador!
What about Panama and Ecuador? Their currency isn’t just tied to USD, it is USD.
A word of warning though about all these places, being tied to the USD doesn’t necessarily make them bargains for people from the US. As prices rise in the states, the prices must necessarily rise in countries tied to US currency.
Owing to the incompetent of the Hong Kong Government Official Mr. John Tsang, Hong Kong Dollar is still pegged to US dollar for the last 30 years. Causing huge inflation and Realty bubble for the last 5 years in HK.