Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The replacement of a country's system of currency with US dollars.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The
process of a country adopting the USdollar or other foreign currency in parallel to or instead of the domesticcurrency .
Etymologies
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Examples
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The "dollarization" of the economy - which has seen foreign currencies replace the Zim dollar - has helped to curb inflation and shelves in shops are now full.
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The idea of "dollarization" has been mulled over even in Mexico, where nationalist fear of domination by the United States runs particularly hot.
Color My Money Green 2007
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He will find it difficult to push through the reforms necessary to make "dollarization" work in the long run.
The 2001 CIA World Factbook United States. Central Intelligence Agency
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It has resumed reporting due to "the effective 'dollarization' of the economy in 2009, the end of hyperinflation and the stabilization of the Zimbabwean economy."
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It has resumed reporting due to "the effective 'dollarization' of the economy in 2009, the end of hyperinflation and the stabilization of the Zimbabwean economy."
The Seattle Times 2010
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It has resumed reporting due to "the effective 'dollarization' of the economy in 2009, the end of hyperinflation and the stabilization of the Zimbabwean economy."
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It has resumed reporting due to "the effective 'dollarization' of the economy in 2009, the end of hyperinflation and the stabilization of the Zimbabwean economy."
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Funes says that "dollarization" and the adoption of the Central American Free Trade Agreement in 2006 have had negative effects such as inflation and unfavorable competition for small-scale farmers but that it is too late to scrap these policies.
CounterPunch 2009
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The ruling party has generally resisted normalization with international finance, but it has now endorsed "dollarization" and has also removed price and foreign currency controls.
MRZine.org 2009
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The ruling party has generally resisted normalization with international finance, but it has now endorsed "dollarization" and has also removed price and foreign currency controls.
MRZine.org 2009
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The financial crises of the 1990s in Asia, Argentina, and Russia sparked interest in the phenomenon of dollarization—the use of a foreign currency to perform national currency functions.
Unraveling Dollarization | Ia Eradze Ia Eradze 2023
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But despite improved financial indicators, dollarization rates across the developing world remain high, a phenomenon referred to as dollarization hysteresis.
Unraveling Dollarization | Ia Eradze Ia Eradze 2023
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