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dollarization

American

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

noun

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

dollarization British

/ 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

Etymology

Origin of dollarization

First recorded in 1985–90

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

dollarization

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

From The Wall Street Journal ● Oct. 12, 2025

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

From The Wall Street Journal ● Oct. 5, 2025

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

From Seattle Times ● Dec. 14, 2023

He added no dollarization was planned in the short-term, as fiscal and monetary stabilization were need, the first source said.

From Reuters ● Nov. 24, 2023

He will find it difficult to push through the reforms necessary to make dollarization work in the long-run.

From The 2000 CIA World Factbook by United States. Central Intelligence Agency

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023