During the last 25 years, many more countries have chosen to abandon fixed exchange rate systems in favor of

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Over the last 25 years, countries have adopted various approaches to move away from fixed exchange rate systems, including forming monetary unions (e.g., the Eurozone), dollarization (adopting another country's currency, such as the U.S. dollar, as legal tender), and establishing currency boards (a monetary authority that maintains a fixed exchange rate with a foreign currency).

During the Last 25 Years, Many More Countries Have Chosen