dollarization
noun Date: 1982 the adoption of the United States dollar as a country's official national currencydollarize verb

New Collegiate Dictionary. 2001.

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  • 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… …   Financial and business terms

  • dollarization — (Amer.) n. use of U.S. dollars by a country as its official currency (also dollarisation) …   English contemporary dictionary

  • Dollarization — Worldwide use of the U.S. dollar and the euro:   United States …   Wikipedia

  • Dollarization — A situation where the citizens of a country officially or unofficially use a foreign country s currency as legal tender for conducting transactions. The main reason for dollarization is because of greater stability in the value of the foreign… …   Investment dictionary

  • dollarization — The adoption by a country of the US dollar in place of its own currency, usually as a means of controlling inflation and interest rate volatility. Partial dollarization is said to occur when a country gives the US dollar equal status to its own… …   Accounting dictionary

  • dollarization — The adoption by a country of the US dollar in place of its own currency, usually as a means of controlling inflation and interest rate volatility. Partial dollarization is said to occur when a country gives the US dollar equal status to its own… …   Big dictionary of business and management

  • dollarization — /dol euhr euh zay sheuhn/, n. the conversion of a country s currency system into U.S. dollars. [1985 90] * * * …   Universalium

  • dollarization — noun The process of a country adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency. Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuadors… …   Wiktionary

  • dollarization — dol|lar|i|za|tion [ˌdɔləraıˈzeıʃən US rə ] n [U] technical a situation in which countries outside the US want to use the dollar rather than their own country s money …   Dictionary of contemporary English

  • dollarization — or dollarisation noun 1》 the process of aligning a country s currency with the US dollar. 2》 the dominating effect of the US on a country s economy …   English new terms dictionary

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