dollarization

noun

dol·​lar·​i·​za·​tion ˌdä-lə-rə-ˈzā-shən How to pronounce dollarization (audio)
: the adoption of the U.S. dollar as a country's official national currency
dollarize verb

Examples of dollarization in a Sentence

Recent Examples on the Web This is the conventional wisdom about dollarization. Matt Sekerke, National Review, 29 Nov. 2023 Menem again called me in for advice and requested a draft dollarization law. Francisco Zalles, National Review, 11 Jan. 2024 Such steps are likely, lest the destruction of the ruble’s reputation leads to dollarization of savings of both business and households, and further capital outflows. Alexandra Prokopenko, Foreign Affairs, 8 Jan. 2024 In Ecuador, an economic collapse led to its dollarization in 2000. Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023 The public sector is starved for dollars because of mismanagement, but the private sector has an ample supply that would be more readily forthcoming under dollarization. Steve H. Hanke, National Review, 15 Nov. 2023 But polls show that fewer than half of Argentines think dollarization is feasible or even desirable. Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023 The stability and confidence that dollarization created reduced the budget deficit from 4.6 percent of GDP in 1999 to 0.3 percent in 2000. Steve H. Hanke, National Review, 15 Nov. 2023 Under his dollarization plan, Argentineans would eventually have to swap all of their pesos for dollars. John Cassidy, The New Yorker, 21 Nov. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'dollarization.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1982, in the meaning defined above

Time Traveler
The first known use of dollarization was in 1982

Dictionary Entries Near dollarization

Cite this Entry

“Dollarization.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/dollarization. Accessed 29 Feb. 2024.

Last Updated: - Updated example sentences
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