Definition of dollarization in English:

dollarization

Syllabification: dol·lar·i·za·tion
Pronunciation: /ˌdäləriˈzāSHən
 
/
(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.

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