What are the arguments for and against Puerto Rico adopting a different currency?

Jun 28, 2024 ... Puerto Rico has since asked Congress to change the law to make the ... This was used to restructure Detroit's $18bn debt pile. But ... Feb 1, 2023 ... If you are going to Puerto Rico or St Thomas, they are territories of the United States and thus use USA dollars natively. But in any case ... Oct 24, 2023 ... Puerto Rico's official currency is the US dollar. This setup offers stability, convenience, and fosters strong economic connections between Puerto Rico and the ... Aug 17, 2019 ... While the United States has some of the most successful community currencies in use, such as the BerkShare, surprisingly few Americans actually ... Puerto Rico,; United States Virgin Islands, and; Trust Territories of the ... If the Treasury Bureau of the Fiscal Service rate isn't available, they may use ... The buy-back rate will be different from the rate of ordering the currency; only bills are accepted, coins are not accepted. ... Puerto Rico (BPPR), subject to ... Mar 7, 2024 ... The straightforward answer is no; Puerto Rico does not have its own currency. The island uses the U.S. dollar as its official currency, a ... Jul 25, 2024 ... Yes, any legal US tender is accepted, including any coins. Maybe some restrictions for $50s and $100s but that's about it. Puerto Rico is a commonwealth of the US and uses the dollar (USD$). The US dollar is often referred to as the "peso." Jul 10, 2023 ... As a U.S. territory, the currency used in Puerto Rico is the U.S. dollar. What are some must-see attractions in Puerto Rico? Puerto Rico is ...