dollarization
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English[edit]
Alternative forms[edit]
Etymology[edit]
Pronunciation[edit]
Noun[edit]
dollarization (uncountable)
- (economics) The process of a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency.
- 2002 October 26, “New faces of Andean politics”, in The Economist, U.S. edition:
- Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuador's businesses are struggling against high costs. The public finances face a shortfall. A new agreement with the IMF has proved elusive. Neither candidate says he would scrap the dollar, but neither says much about reform.
Derived terms[edit]
Translations[edit]
the process of a country adopting the US dollar as its primary currency
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