dollarization

English dictionary entry

Meanings

noun
  1. The process of a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency.

Pronunciation

/dɑləɹɪˈzeɪ̯ʃɪn/ LL-Q1860 (eng)-Vealhurl-dollarization.wav

Word forms

dollarization dollarisation

Etymology

From dollarize + -ation.

Antonyms

Related words

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