dollarization

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

noun

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

Origin of dollarization

First recorded in 1985–90
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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