Definition of dollarization in English:
1The process of aligning a country’s currency with the US dollar.
- 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:
- British & World English dictionary
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