Dollarization
From open-dictionary.com - the free dictionary.
Alternative spelling
dollarisation
Noun
- The process of a country adopting the US dollar as its primary currency.
Quotations
- 2002 - New faces of Andean politics in The Economist (U.S. Edition) October 26, 2002
- Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuador's businesses are struggling against high costs. The public finances face a shortfall. A new agreement with the IMF has proved elusive. Neither candidate says he would scrap the dollar, but neither says much about reform.
