dollarization

dollarization

English

Alternative forms

• dollarisation

Etymology

dollarize +‎ -ation

Noun

dollarization (uncountable)

1. (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 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.

Synonyms

• elminting
• currency substitution

Translations

the process of a country adopting the US dollar as its primary currency

Chinese: Mandarin: 美元化 (měiyuánhuà) Finnish: dollarisaatio (fi)

French: dollarisation (fr) f Spanish: dolarización f Swedish: dollarisering (sv) c

See also

• sound as a dollar