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The replacement of a country's system of currency with US dollars.

dol′lar·ize (-ə-rīz′) v.


(ˌdɒləraɪˈzeɪʃən) or


(Currencies) the process of converting a country's currency to US dollars


(ˌdɒl ər əˈzeɪ ʃən)
the conversion of a country's currency system into U.S. dollars.
References in periodicals archive ?
Basis's and Cartu's VRs also consider high loan dollarisation levels (end-3Q17: 68% and 71%, respectively), sizeable balance sheet concentrations, the risks associated with largely unseasoned loan books after recent rapid growth and franchise limitations.
ISLAMABAD -- The failure of the Ministry of Finance and the central bank to halt the rapid rupee devaluation has triggered panic in the market that could lead to fast-paced dollarisation of the economy.
Dollarisation, which was disguised as a form of reconstruction in the post-WW 11 devastated Europe morphed into an instrument of economic exploitation.
It indicates that dollarisation is in the offing, which is certainly a bad sign,' said the secretary general of the Exchange Companies Association of Pakistan.
As a result of this dollarisation and the installation of a national unity government in 2009, the economy rebounded.
He explained that the pound flotation was an earthquake that shook the black market, making the phenomenon of dollarisation completely disappear, as the banking system regained its prestige and dignity in the capital market.
The degree of dollarisation has been declining over the current year in all the EDB countries.
The Central Bank of Jordan raised policy rates in December 2016 and again in February 2017 by 25 bps and 50 bps respectively to maintain the JOD- USD deposit rate spread and tackle rising dollarisation.
Also, private sector deposit dollarisation increased from 7.
Finally, combining post-Keynesian postulates with elements of the Marx"s monetary theory of credit, Andreja Zivkovic [independent researcher) (Zivkovic, 2017) analyses the process of first dollarisation and then euroisation, of the ex- and post-Yugoslavia economies, as well as the peculiar (in both its origin and development) process of financialisation that occurred in them.
On January 11th - even before a dollarisation law had been enacted - the central bank lowered the rediscount rate from 200 per cent a year to 20 per cent.
That, combined with high balance sheet dollarisation of assets (ca 55%), liabilities (ca 71%), loans (32%) and deposits (76%), produced significant FX factors.