dollarization

English

Alternative forms

• dollarisation

Etymology

dollarize +‎ -ation

Pronunciation

• IPA^(key): /dɑlɝɪˈzeɪ̯ʃɪn/

• Audio (Southern England):

  (file)

Noun

dollarization (uncountable)

1. (economics) 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.
   • 2002 October 26, “New faces of Andean politics”, in The Economist, U.S. edition:

     Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuador's businesses are struggling against high costs. The public finances face a shortfall. A new agreement with the IMF has proved elusive. Neither candidate says he would scrap the dollar, but neither says much about reform.

Derived terms

• dedollarization

Translations

the process of a country adopting the US dollar as its primary currency

• Arabic: دَوْلَرَة (ar) f (dawlara)
• Catalan: dolarització f
• Chinese:

  Mandarin: 美元化 (měiyuánhuà)

• Finnish: dollarisaatio (fi)
• French: dollarisation (fr) f
• Galician: dolarización (gl) f
• German: Dollarisierung f
• Polish: dolaryzacja (pl) f
• Portuguese: dolarização (pt) f
• Spanish: dolarización (es) f
• Swedish: dollarisering (sv) c
• Vietnamese: đô la hoá

See also

• sound as a dollar