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dollarization
[ dol-er-uh-zey-shuhn ]
noun
- the conversion of a country's currency system into U.S. dollars.
dollarization
/ ˌɒəɪˈɪʃə /
noun
- the process of converting a country's currency to US dollars
51Թ History and Origins
Origin of dollarization1
Example Sentences
And he appears to have shelved the dollarization plan, perhaps out of necessity.
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.
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?
He added no dollarization was planned in the short-term, as fiscal and monetary stabilization were need, the first source said.
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.
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