1. to adopt the U.S. dollar as the official currency of a country or region
Usage: transitive; economics/finance
2. to express or convert something into dollar amounts or monetary value
Usage: transitive

Examples

• Several Latin American countries have chosen to dollarize their economies.
• Ecuador dollarized its currency in 2000 to stabilize inflation.
• The government decided to dollarize the exchange rate to attract foreign investment.
• Economists debated whether smaller nations should dollarize or maintain independent monetary policy.
• The company attempted to dollarize the environmental benefits of the new policy.