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dollarization

American

[dol-er-uh-zey-shuhn] / ˌdɒl ər əˈzeɪ ʃən /

noun

the conversion of a country's currency system into U.S. dollars.

dollarization British

/ 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

Etymology

Origin of dollarization

First recorded in 1985–90

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

But he’s ruled out dollarization and instead runs an opaque and discretionary monetary regime.

From The Wall Street Journal • Nov. 30, 2025

Other opponents of dollarization are businesses that have access to greenbacks and pay expenses in local currency.

From The Wall Street Journal • Oct. 5, 2025

And he appears to have shelved the dollarization plan, perhaps out of necessity.

From Seattle Times • Dec. 14, 2023

"A lot of people don't think dollarization is workable. I think he will do it, it will take a bit of work," said Humes.

From Reuters • Nov. 20, 2023

He will find it difficult to push through the reforms necessary to make dollarization work in the long-run.

From The 2000 CIA World Factbook by United States. Central Intelligence Agency

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023