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

dollarize

ˈdä-lə-ˌrīz

verb

Examples of dollarization in a Sentence

Recent Examples on the Web

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Many customers held crypto assets like bitcoin on the FTX platform, but through a process called dollarization common to bankruptcies, their claims have instead been assigned a dollar value based on the price of those assets on the date of the bankruptcy filing. —

Joel Khalili, WIRED, 7 Oct. 2024 Many customers held crypto assets like bitcoin on the FTX platform, but through a process common to bankruptcy proceedings known as dollarization, their claims have instead been assigned a dollar value based on the price of those assets on the date of the bankruptcy petition. —

Joel Khalili, WIRED, 8 May 2024 Without dollarization, Argentina is destined to remain miserable. —

Steve H. Hanke, National Review, 14 Mar. 2024 Simple as dollarization may sound, its implementation is far from straightforward. —

Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023 See all Example Sentences for dollarization