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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
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
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
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