- 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 businesses are struggling against high costs. The public finances face a shortfall. A new agreement with the IMF has proved elusive. Neither candidate says he would scrap the dollar, but neither says much about reform.
Look at other dictionaries:
dollarization — dol‧lar‧i‧za‧tion [ˌdɒləraɪˈzeɪʆn 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 — noun Date: 1982 the adoption of the United States dollar as a country s official national currency • dollarize verb … New Collegiate Dictionary
dollarization — /dol euhr euh zay sheuhn/, n. the conversion of a country s currency system into U.S. dollars. [1985 90] * * * … Universalium
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