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 Many customers held crypto assets like bitcoin on the FTX platform, but through a process common to bankruptcy proceedings known as dollarization, their claims have instead been assigned a dollar value based on the price of those assets on the date of the bankruptcy petition. Joel Khalili, WIRED, 2 Feb. 2024 Simple as dollarization may sound, its implementation is far from straightforward. Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023 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

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 19 Mar. 2024.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!