dollarized

dollarized
dollarization dol‧lar‧i‧za‧tion [ˌdɒləraɪˈzeɪʆn ǁ ˌdɑːlərə-] also dollarisation noun [uncountable] ECONOMICS
1. when people in countries outside the US prefer to use the dollar, rather than their country's own currency:

• High inflation has led many Russians to hold US dollars rather than roubles. This dollarisation is only now starting to reverse.

2. FINANCE when a country makes its currency the same value as the dollar, or keeps its currency at the same rate in relation to the dollar
— dollarized also dollarised adjective :

• As a dollarised economy, the Argentinian peso has the same value as the US dollar.


Financial and business terms. 2012.

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