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

Examples

• Ecuador dollarizes its economy by replacing the sucre with the U.S. dollar.
• The country dollarizes to stabilize inflation and attract foreign investment.
• The company dollarizes all its assets for the annual financial report.
• When a nation dollarizes, it surrenders control of its monetary policy.
• The accountant dollarizes the environmental impact to justify the project cost.