List of countries by exchange rate regime

This is a list of countries by their exchange rate regime.^[1]

No legal tender of their own

US dollar as legal tender

•  British Virgin Islands
•  Ecuador
•  El Salvador
•  Marshall Islands
•  Micronesia
•  Palau
•  Panama
•  Timor-Leste
•  Turks and Caicos Islands
•  Zimbabwe

Euro as legal tender

•  Andorra^[2]
•  Kosovo
•  Monaco^[2]
•  Montenegro
•  San Marino
•   Vatican City^[2]

Other foreign currency as legal tender

•  Kiribati (Australian dollar)^[3]
•  Liechtenstein (Swiss franc)^[4]
•  Nauru (Australian dollar)^[3]
•  Tuvalu (Australian dollar)^[3]
•  Qatar (Egyptian Pound)^[5]
•  Saudi Arabia (Egyptian Pound)^[5]

Currency board

US dollar as exchange rate anchor

•  Antigua and Barbuda (XCD)
•  Djibouti (DJF)
•  Dominica (XCD)
•  Grenada (XCD)
•  Hong Kong (HKD)
•  Saint Kitts and Nevis (XCD)
•  Saint Lucia (XCD)
•  Saint Vincent and the Grenadines (XCD)

Euro as exchange rate anchor

•  Bosnia and Herzegovina (BAM)
•  Bulgaria (BGN)

Other currency as exchange rate anchor

•  Brunei (BND)

Conventional peg

US dollar as exchange rate anchor

•  Aruba (AWG)
•  The Bahamas (BSD)
•  Bahrain (BHD)
•  Barbados (BBD)
•  Belize (BZD)
•  Curaçao (ANG)
•  Eritrea (ERN)
•  Jordan (JOD)
•  Oman (OMR)
•  Sint Maarten (ANG)
•  South Sudan (SSP)
•  Turkmenistan (TMT)
•  United Arab Emirates (AED)
•  Venezuela (VEF)

Euro as exchange rate anchor

•  Benin (XOF)
•  Burkina Faso (XOF)
•  Cabo Verde (CVE)
•  Cameroon (XAF)
•  Central African Republic (XAF)
•  Chad (XAF)
•  Comoros (KMF)
•  Côte d'Ivoire (XOF)
•  Denmark (DKK)
•  Equatorial Guinea (XAF)
•  Gabon (XAF)
•  Guinea-Bissau (XOF)
•  Mali (XOF)
•  Niger (XOF)
•  Republic of Congo (XAF)
•  São Tomé and Príncipe (STD)
•  Senegal (XOF)
•  Togo (XOF)

Composite exchange rate anchor

•  Fiji (FJD)
•  Kuwait (KWD)
•  Libya (LYD)
•  Morocco (MAD)
•  Samoa (WST)

Other currency as exchange rate anchor

•  Bhutan (BTN)
•  Lesotho (LSL)
•  Namibia (NAD)
•    Nepal (NPR)
•  Swaziland (SZL)

Other

•  Solomon Islands (SBD)

Stabilized arrangement

US dollar as exchange rate anchor

•  Guyana (GYD)
•  Iraq (IQD)
•  Kazakhstan (KZT)
•  Lebanon (LBP)
•  Maldives (MVR)
•  Suriname (SRD)
•  Trinidad and Tobago (TTD)

Euro as exchange rate anchor

•  Macedonia (MKD)

Composite exchange rate anchor

•  Singapore (SGD)
•  Vietnam (VND)

Monetary aggregate target

•  Bangladesh (BDT)
•  Burundi (BIF)
•  Democratic Republic of the Congo (CDF)
•  Guinea (GNF)
•  Sri Lanka (LKR)
•  Tajikistan (TJS)
•  Yemen (YER)

Other

•  Angola (AOA)
•  Azerbaijan (AZN)
•  Bolivia (BOB)

Crawling peg

US dollar as exchange rate anchor

•  Nicaragua (NIO)

Composite exchange rate anchor

•  Botswana (BWP)

Crawl-like arrangement

US dollar as exchange rate anchor

•  Honduras (HNL)
•  Jamaica (JMD)

Euro as exchange rate anchor

•  Croatia (HRK)

Monetary aggregate target

•  China (CNY)
•  Ethiopia (ETB)
•  Uzbekistan (UZS)

Inflation-targeting framework

•  Armenia (AMD)
•  Dominican Republic (DOP)
•  Guatemala (GTQ)

Other

•  Argentina (ARS)
•  Belarus (BYR)
•  Haiti (HTG)
•  Laos (LAK)
•   Switzerland (CHF)
•  Tunisia (TND)

Pegged exchange rate within horizontal bands

Composite exchange rate anchor

•  Tonga (TOP)

Other managed arrangement

US dollar as exchange rate anchor

•  Cambodia (KHR)
•  Liberia (LRD)

Composite exchange rate anchor

•  Algeria (DZD)
•  Iran (IRR)
•  Syria (SYP)

Monetary aggregate target

•  The Gambia (GMD)
•  Myanmar (MMK)
•  Nigeria (NGN)
•  Rwanda (RWF)

Inflation-targeting framework

•  Czech Republic (CZK)

Other

•  Costa Rica (CRC)
•  Kyrgyzstan (KGS)
•  Malaysia (MYR)
•  Mauritania (MRO)
•  Pakistan (PKR)
•  Russia (RUB)
•  Sudan (SDG)
•  Vanuatu (VUV)

Floating

Monetary aggregate target

•  Afghanistan (AFN)
•  Kenya (KES)
•  Madagascar (MGA)
•  Malawi (MWK)
•  Mozambique (MZN)
•  Papua New Guinea (PGK)
•  Seychelles (SCR)
•  Sierra Leone (SLL)
•  Tanzania (TZS)
•  Ukraine (UAH)
•  Uruguay (UYU)

Inflation-targeting framework

•  Albania (ALL)
•  Brazil (BRL)
•  Colombia (COP)
•  Georgia (GEL)
•  Ghana (GHS)
•  Hungary (HUF)
•  Iceland (ISK)
•  Indonesia (IDR)
•  Israel (ILS)
•  South Korea (KRW)
•  Moldova (MDL)
•  New Zealand (NZD)
•  Paraguay (PYG)
•  Peru (PEN)
•  Philippines (PHP)
•  Romania (RON)
•  Serbia (RSD)
•  South Africa (ZAR)
•  Thailand (THB)
•  Turkey (TRY)
•  Uganda (UGX)

Other

•  India (INR)
•  Mauritius (MUR)
•  Mongolia (MNT)
•  Zambia (ZMW)

Free floating

Inflation-targeting framework

•  Australia (AUD)
•  Canada (CAD)
•  Chile (CLP)
•  Egypt (EGP)
•  Japan (JPY)
•  Mexico (MXN)
•  Norway (NOK)
•  Poland (PLN)
•  Sweden (SEK)
•  United Kingdom (GBP)

Other

•  European Union (EUR)

•  Austria

•  Belgium
•  Cyprus
•  Estonia
•  Finland
•  France
•  Germany
•  Greece
•  Ireland
•  Italy
•  Latvia
•  Lithuania^[6]
•  Luxembourg
•  Malta
•  Netherlands
•  Portugal
•  Slovakia
•  Slovenia
•  Spain

•  Somalia (SOS)
•  United States (USD)

See also

• Reserve currency
• Managed float regime

References

1. "Monetary Policy Framework" (PDF). Annual report on exchange arrangements and exchange restrictions 2014. International Monetary Fund. October 2014. p. 6.
2. http://ec.europa.eu/economy_finance/euro/world/outside_euro_area/index_en.htm
3. http://www.treasury.gov.au/PublicationsAndMedia/Publications/2010/Monetary-and-exchange-rate-policy/working-paper-2010-05/Exchange-rates
4. http://www.fma-li.li/en/international/bilateral-cooperation/switzerland.html
6. http://www.bbc.com/news/world-europe-30635826