51Թ

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dollarization

[ dol-er-uh-zey-shuhn ]

noun

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


dollarization

/ ˌɒəɪˈɪʃə /

noun

  1. 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
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51Թ History and Origins

Origin of dollarization1

First recorded in 1985–90
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Example Sentences

Examples have not been reviewed.

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

From

But after winning, he tapped Luis Caputo, a former Central Bank president, to be his economy minister and one of Caputo’s allies to helm the bank, appearing to have put his much-touted plans for dollarization on hold.

From

We certainly noted the existence of nature and its exploitation for profit, but reading that passage more than 50 years later what jumps out at me isn’t the dollarization of everything or how Donald instantly turns a fish into merchandise but another burning ecological question: Why is that fish in that bucket and not the sea?

From

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

From

In Argentina, self-described anarcho-capitalist Milei, elected on Sunday into the country's top office, sees dollarization as a way to tamp down inflation heading towards 150%, which has pushed four-in-ten people into poverty.

From

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