dollarization

noun
dol·​lar·​i·​za·​tion | \ ˌdä-lə-rə-ˈzā-shən How to pronounce dollarization (audio) \

Definition of dollarization

: the adoption of the U.S. dollar as a country's official national currency

Other Words from dollarization

dollarize \ ˈdä-​lə-​ˌrīz How to pronounce dollarization (audio) \ verb

Examples of dollarization in a Sentence

Recent Examples on the Web For older adults, particularly those who rely on meagre government pensions, the economy’s dollarization has made their deprivation worse. Stephania Taladrid, The New Yorker, 12 Apr. 2022 The central bank is hoping to curb price growth by taking measures to encourage de-dollarization, though each wave of lira weakness has only pushed Turks to buy the U.S. currency as a safe haven and store of value. Time, 3 Feb. 2022 Spiraling inflation and heavy dollarization in the banking system leave this major emerging market vulnerable. Caitlin Ostroff, WSJ, 23 Dec. 2021 The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy . . . Andrew Stuttaford, National Review, 30 Oct. 2021 Venezuela’s dollarization presents a historic opportunity for the United States. Jon Hartley, National Review, 27 Oct. 2021 Second, most stablecoins are U.S. centric in a time when much of the world is looking for opportunities to avoid the pitfalls of hyper-dollarization. Tatiana Koffman, Forbes, 11 Oct. 2021 The dollarization sidelined the IMF to the periphery of interventionist policymaking. Frank Van Gansbeke, Forbes, 8 Sep. 2021 Why did El Salvador go through the process of dollarization then? Roger Huang, Forbes, 27 June 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'dollarization.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of dollarization

1982, in the meaning defined above

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The first known use of dollarization was in 1982

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Dictionary Entries Near dollarization

dollar gap

dollarization

dollarleaf

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Cite this Entry

“Dollarization.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/dollarization. Accessed 13 Aug. 2022.

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