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.
- 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