1. using the U.S. dollar as the official or primary currency
Usage: economics; often used to describe countries or economies

1. past tense and past participle of dollarize; to adopt the U.S. dollar as official currency or to convert to dollar-based transactions
Usage: transitive verb

Examples

• Ecuador dollarized its economy in 2000, replacing the sucre with the U.S. dollar.
• Several Caribbean nations have dollarized to stabilize their currencies.
• The country dollarized to reduce inflation and attract foreign investment.
• A dollarized economy is more vulnerable to U.S. monetary policy changes.
• Panama has been dollarized since 1904.