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dollarization

   Also found in: Wikipedia 0.01 sec.
dol·lar·i·za·tion  (dlr--zshn)
n.
The replacement of a country's system of currency with U.S. dollars.

dollar·ize (--rz) v.

dollarization, dollarisation [ˌdɒləraɪˈzeɪʃən]
n
(Economics, Accounting & Finance / Currencies) the process of converting a country's currency to US dollars


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Aa The fund added, however, that dollarization of bank credit to the private sector has declined only marginally and still stands at 82 percent.
00 Paperback Occasional paper; 263 HG905 This report from the International Monetary Fund brings together seven essays that examine the implications of high financial dollarization for macroeconomic policies and vulnerabilities in Uruguay.
Was it in conjunction with the government's dollarization move --or does Americas refer to that as "dollarzation?
 
 
 
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