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dollarization - definition and synonyms

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noun [uncountable]     dollarization pronunciation in American English
  1. 1
    the use of the dollar by a country as its currency
  2. 2
    the system of linking the value of a country’s currency to the value of the dollar
  3. From our crowdsourced Open Dictionary
    a process by which a country other than the US adopts the dollar as the only or an additional currency

    Dollarization does have its disadvantages as much as it has its advantages.

    Submitted from United Kingdom on 08/05/2014
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