Definition of dollarization in English:

dollarization

Line breaks: dol¦lar|iza¦tion
Pronunciation: /dɒlərʌɪˈzeɪʃ(ə)n
 
/
(also dollarisation)

noun

[mass 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.

Definition of dollarization in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day apposite
Pronunciation: ˈapəzit
adjective
apt in the circumstances or relation to something