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dollarization

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

Definition of dollarization in English:

noun

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:

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