Dictionary

dollarization en · NOUN

Pronunciation

• /dɑləɹɪˈzeɪ̯ʃɪn/
• (Southern-England) audio

Etymology

Etymology tree Proto-Germanic *dalą Proto-West Germanic *dal Old High German tal Middle High German tal German Tal German Talerder. Middle Low German dālerbor. Dutch dalerbor. English dollar Proto-Indo-European *-id- Proto-Indo-European *-yéti Proto-Indo-European *-idyéti Proto-Hellenic *-íd͏̌d͏̌ō Ancient Greek -ῐ́ζω (-ĭ́zō)bor. Late Latin -izōder. Middle French -iserbor. Middle English -isen English -ize English dollarize Proto-Indo-European *-tis Proto-Indo-European *-Hō Proto-Indo-European *-tiHō Proto-Italic *-tiō Latin -tiō Latin -ātiōlbor. Old French -ationbor. Middle English -acioun English -ation English dollarization From dollarize + -ation.

Meanings

1. (uncountable) The process of a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency.
   • But dollarization is not a panacea for Argentina’s crisis-stricken economy, analysts say. 2023 October 23, Anna Cooban, “Javier Milei wants Argentina to swap the peso for the US dollar. Here’s what that could mean”, in CNN Business:
   • 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. 2002 October 26, “New faces of Andean politics”, in The Economist, U.S. edition:
   • “Many emerging-market economies have tried a number of technical devices: the fixed rate peg, varieties of crawling peg, currency boards and even dollarization,” Mr. Greenspan said in a recent speech. “The success has been mixed. Where successful, they have been backed by sound policies.” 1999 January 2, Joseph Kahn, quoting Alan Greenspan, “Era May End For Floating Currencies”, in The New York Times, →ISSN, archived from the original on 15 Sep 2017:

Forms

Antonyms

dedollarization

Relateds

sound as a dollar

Translations (13)

vi đô la hoá (the process of a country adopting the US dollar as its primary currency) · ca dolarització (the process of a country adopting the US dollar as its primary currency) · fr dollarisation (the process of a country adopting the US dollar as its primary currency) · fi dollariin siirtyminen (the process of a country adopting the US dollar as its primary currency) · es dolarización (the process of a country adopting the US dollar as its primary currency) · gl dolarización (the process of a country adopting the US dollar as its primary currency) · pt dolarização (the process of a country adopting the US dollar as its primary currency) · cmn 美元化 (the process of a country adopting the US dollar as its primary currency) · de Dollarisierung (the process of a country adopting the US dollar as its primary currency) · sv dollarisering (the process of a country adopting the US dollar as its primary currency) · ar دَوْلَرَة (the process of a country adopting the US dollar as its primary currency) · fi dollarisaatio (the process of a country adopting the US dollar as its primary currency) · pl dolaryzacja (the process of a country adopting the US dollar as its primary currency)