dollarization

American  

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

noun

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

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dollarization British  

/ ˌdɒləraɪˈzeɪʃən /

noun

1. the process of converting a country's currency to US dollars

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Etymology

Origin of dollarization

First recorded in 1985–90

Example Sentences

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

From The Wall Street Journal

Treasury didn’t respond to our request for comment on dollarization.

From The Wall Street Journal

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

From The Wall Street Journal

Before 2000, Ecuadorean bankers dreaded dollarization.

From The Wall Street Journal

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

From Seattle Times