dollarization

[dol-er-uh-zey-shuhn]

noun

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

dollarization

/ ˌdɒləraɪˈzeɪʃən /

noun

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

Word History and Origins

Origin of dollarization¹

First recorded in 1985–90

Example Sentences

As we’ve written, the best option for long-run stability and investor confidence is dollarization.

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Javier Milei needs U.S. help, but his country really needs dollarization.

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That won’t happen with the peso, which is why dollarization is the correct and now essential policy alternative.

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Mr. Milei’s opposition to dollarization is hard to understand since he campaigned on eliminating the central bank.

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We hear Economic Minister Luis Caputo is opposed, and so are some hedge funds that profit from a currency carry-trade that goes away with dollarization.

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