chapter  13
The Euro and the Developing Countries
ByFrancesc Granell
Pages 16

The United States dollar remains today the most important international currency for developing countries. Most of the prices of the commodities exported by developing countries are quoted in US dollars. Only a few developing countries have expressed interest in shifting to the euro for their international transactions. In some cases this is due to political reasons. In other cases it is to avoid the danger of a dollar weakened by the enormous external US decit.