dollarization
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English
Alternative forms
Etymology
Pronunciation
- IPA(key): /dɑlɝɪˈzeɪ̯ʃɪn/
Audio (Southern England): (file)
Noun
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
Translations
the process of a country adopting the US dollar as its primary currency
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