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dollarization
noun
dol·lar·i·za·tion ˌdä-lə-rə-ˈzā-shən 
: the adoption of the U.S. dollar as a country's official national currency
Example Sentences
Recent Examples on the Web Many people felt that dollarization, much like Bitcoin today, was also a process that was without consultation. 
Daniel Alvarenga, Rolling Stone, 26 Aug. 2022 For older adults, particularly those who rely on meagre government pensions, the economy’s dollarization has made their deprivation worse. Stephania Taladrid, The New Yorker, 12 Apr. 2022 The central bank is hoping to curb price growth by taking measures to encourage de-dollarization, though each wave of lira weakness has only pushed Turks to buy the U.S. currency as a safe haven and store of value. Time, 3 Feb. 2022 Spiraling inflation and heavy dollarization in the banking system leave this major emerging market vulnerable. Caitlin Ostroff, WSJ, 23 Dec. 2021 The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy . . . Andrew Stuttaford, National Review, 30 Oct. 2021 Venezuela’s dollarization presents a historic opportunity for the United States. Jon Hartley, National Review, 27 Oct. 2021 Second, most stablecoins are U.S. centric in a time when much of the world is looking for opportunities to avoid the pitfalls of hyper-dollarization. Tatiana Koffman, Forbes, 11 Oct. 2021 The dollarization sidelined the IMF to the periphery of interventionist policymaking. Frank Van Gansbeke, Forbes, 8 Sep. 2021 See More
Daniel Alvarenga, Rolling Stone, 26 Aug. 2022 For older adults, particularly those who rely on meagre government pensions, the economy’s dollarization has made their deprivation worse. Stephania Taladrid, The New Yorker, 12 Apr. 2022 The central bank is hoping to curb price growth by taking measures to encourage de-dollarization, though each wave of lira weakness has only pushed Turks to buy the U.S. currency as a safe haven and store of value. Time, 3 Feb. 2022 Spiraling inflation and heavy dollarization in the banking system leave this major emerging market vulnerable. Caitlin Ostroff, WSJ, 23 Dec. 2021 The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy . . . Andrew Stuttaford, National Review, 30 Oct. 2021 Venezuela’s dollarization presents a historic opportunity for the United States. Jon Hartley, National Review, 27 Oct. 2021 Second, most stablecoins are U.S. centric in a time when much of the world is looking for opportunities to avoid the pitfalls of hyper-dollarization. Tatiana Koffman, Forbes, 11 Oct. 2021 The dollarization sidelined the IMF to the periphery of interventionist policymaking. Frank Van Gansbeke, Forbes, 8 Sep. 2021 See More Word History
First Known Use
1982, in the meaning defined above
Time Traveler
The first known use of dollarization was in 1982 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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