Currencies that have been pegged / anchored to the dollar are quickly replacing with a basket of currencies. Fijian Dollar anchored to the dollar in 1976... Now pegged to a basket of currencies (AUD, NZ and others) Argentina in 1992 pegged 1 peso = 1 dollar and our 2001 hick up caused them a financial crisis. In 2002 they abandoned the dollar as its anchor. Since then they've amassed 270 Trillion dollars from exports - roughly 1/3 of their reserves remain pegged to the dollar. Their government publicly acknowledged a strategy of keeping the exchange rate between 2.90 to 3.10 pesos per U.S. dollar, in order to maintain the competitiveness of exports and encourage import substitution by local industries.