Definition of dollarization in English:

dollarization

Syllabification: dol·lar·i·za·tion
Pronunciation: /ˌdälərəˈzāSH(ə)n
 
/
(also dollarisation)

noun

1The process of aligning a country’s currency with the US dollar.
More example sentences
  • The costs of official dollarization compared with a currency board are somewhat different.
  • In particular, he emphasizes the loss of seigniorage as a result of moving from national currency to dollarization.
  • The easiest to implement would be dollarization at current parity.
1.1The dominating effect of the US on the economy of a country.

Definition of dollarization in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day deictic
Pronunciation: ˈdeɪktɪk
adjective
denoting a word whose meaning depends on context...