Laxi Dictionary

American Dictionary

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Definition dollarization in American English

dollarization noun

[uncountable] noun
/ˌdɑləraɪˈzeɪʃ(ə)n/
1

the use of the dollar by a country as its currency

Synonyms and related words
a run on something base currency basket
2

the system of linking the value of a country's currency to the value of the dollar

Synonyms and related words
a run on something base currency basket
3

a process by which a country other than the US adopts the dollar as the only or an additional currency

Example

Dollarization does have its disadvantages as much as it has its advantages.

Definition dollarization in American English