Sentences with phrase «dollar is the legal tender»
Since Panama does not print its own paper currency, the U.S. dollar is legal tender in Panama.
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All accept dollars because the U.S. government declares those to be «legal tender for all debts public and private.»
Besides legal tenders such as Dollar, Ruble, Euro, RMB, and virtual currencies such as Bitcoin, Litecoin, LNC also can be exchanged with indirect currencies such as gold, silver and valuable financial derivatives.
The dollar is accepted as legal tender throughout the world.
US banknotes are also accepted as legal tender, and Panamanians sometimes use the terms balboa / dollar interchangeably.
The size and shape of the rectangles repeated throughout the works recall a dollar bill, which Ward has indeed extracted from paper money, removing a margin so thin its removal is undetectable to the naked eye, allowing the altered bills to remain legal tender.
The intent of this brand - new market is ultimately to create carbon - dioxide - equivalent «certificates» that will circulate the world much the way the «legal tender» of American dollars do.
Adopting the U.S. dollar as the primary legal tender is colloquially known as «dollarization» - the practice generally is called currency substitution.
For example, Ecuador adopted the U.S. dollar as legal tender in 2000 after the Ecuadorian - issued currency, the sucre, depreciated rapidly such that $ 1 was worth 25,000 sucres.
Are silver dollars (Morgan / Peace) legal tender coins or just collectible items?
The Marshall Islands is set to release its own cryptocurrency called the Sovereign after the Parliament voted to approve an official cryptocurrency as legal tender, a move that could end its reliance on the US Dollar as its official currency.
The word «convertible» expresses the idea that virtual currencies, like Bitcoin, can be exchanged for legal tender like US dollars.
This is the first nation to officially adopt a cryptocurrency as a legal tender that will be accepted along the native US Dollar currency.
«Ultimately, bitcoin is a convertible virtual currency that can be exchanged between users and converted into dollars, euros or other currency of real or virtual legal tender.»