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

Definition of dollarization in English:


1The process of aligning a country’s currency with the US dollar.
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:
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove ads and access premium resources