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dollarization

[dol-er-uh-zey-shuh n] /ˌdɒl ər əˈzeɪ ʃən/
noun
1.
the conversion of a country's currency system into U.S. dollars.
Origin
1985-1990
1985-90
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for dollarization
  • First, the de-dollarization that can no longer be denied.
  • dollarization has led to changes in the marketing of sugar regionally.
  • Official and unofficial dollarization has continued in several emerging market economies.
  • Even dollarization, or its equivalent in other key currencies, is not a source of stability if underlying policies are unsound.
  • Inflation has begun to slow but still remains high as the residual effects of dollarization work their way through the system.
  • dollarization increases the commitment of a country to a fixed exchange rate.
  • As the result of the above facts, the dollarization of economy has increased.
  • Declining real money balances might reflect the consequences of increased dollarization.
  • Currency boards, dollar pegs, and dollarization are all examples of such policies.
British Dictionary definitions for dollarization

dollarization

/ˌdɒləraɪˈzeɪʃən/
noun
1.
the process of converting a country's currency to US dollars
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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