dollarization
noun/ˌdɒləraɪˈzeɪʃn/
/ˌdɑːlərəˈzeɪʃn/
(British English also dollarisation)
[uncountable]- the use by a country of the US dollar as its own currency
- The government believes that dollarization is in the country's best interests.
Want to learn more?
Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app.
- the fact of the US dollar having a very strong influence on the economy of a country
- issues caused by the general dollarization of the economy
Check pronunciation:
dollarization