noun
- plural of dollarisation; the process or result of adopting the U.S. dollar as a country's official currency or medium of exchange
- plural of dollarisation; the process of converting assets, prices, or economic systems to be denominated or valued in U.S. dollars
Usage: chiefly British spelling (American: dollarizations); economics, finance
Usage: economics, finance
Examples
- Several Caribbean nations have pursued dollarisations to stabilize their economies.
- The dollarisations of emerging markets have increased their dependence on U.S. monetary policy.
- Economists debated the pros and cons of various dollarisations across Latin America.
- The country's dollarisation was intended to reduce inflation and attract foreign investment.
- Multiple dollarisations in the region reflected a broader trend toward currency integration.