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.
More definitions of dollarizationDefinition of dollarization in:
- The US English dictionary