dollarization
/dɑləɹɪˈzeɪ̯ʃɪn/
Word Rarity
Very rare
Frequency: Zipf frequency 1.56 in modern English
23
Scrabble Score
13
Letters
4
Syllables
9
Unique Chars
Meaning
noun
The process of a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency.
Uncountable
Example Sentences
- "“Many emerging-market economies have tried a number of technical devices: the fixed rate peg, varieties of crawling peg, currency boards and even dollarization,” Mr. Greenspan said in a recent speech. “The success has been mixed. Where successful, they have been backed by sound policies.”"
- "Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuador's businesses are struggling against high costs. The public finances face a shortfall. A new agreement with the IMF has proved elusive. Neither candidate says he would scrap the dollar, but neither says much about reform."
- "But dollarization is not a panacea for Argentina’s crisis-stricken economy, analysts say."
Etymology
Etymology tree Proto-Germanic *dalą Proto-West Germanic *dal Old High German tal Middle High German tal German Tal German Talerder. Middle Low German dālerbor. Dutch dalerbor. English dollar Proto-Indo-European *-id- Proto-Indo-European *-yéti Proto-Indo-European *-idyéti Proto-Hellenic *-íd͏̌d͏̌ō Ancient Greek -ῐ́ζω (-ĭ́zō)bor. Late Latin -izōder. Middle French -iserbor. Middle English -isen English -ize English dollarize Proto-Indo-European *-tis Proto-Indo-European *-Hō Proto-Indo-European *-tiHō Proto-Italic *-tiō Latin -tiō Latin -ātiōlbor. Old French -ationbor. Middle English -acioun English -ation English dollarization From dollarize + -ation.