dollarization
[ dol-er-uh-zey-shuhn ]
noun
the conversion of a country's currency system into U.S. dollars.
Origin of dollarization
1First recorded in 1985–90
Words Nearby dollarization
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use dollarization in a sentence
Hanke and others have speculated that the Bitcoin move is a first step towards scrapping dollarization altogether and issuing a national digital currency.
El Salvador Is Betting on Bitcoin to Rebrand the Country — and Strengthen the President's Grip | Ciara Nugent | October 1, 2021 | Time
British Dictionary definitions for dollarization
dollarization
dollarisation
/ (ˌdɒləraɪˈzeɪʃən) /
noun
the process of converting a country's currency to US dollars
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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