dollarization

[ dol-er-uh-zey-shuhn ]

/ ˌdɒl ər əˈzeɪ ʃən /

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noun

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

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Origin of dollarization

First recorded in 1985–90

Words nearby dollarization

dollar day, Dollard-des-Ormeaux, dollar diplomacy, dollarfish, dollar gap, dollarization, dollars-and-cents, dollar sign, dollarspot, dollars to doughnuts, it's, dollar store

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

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