Dollarization

C1 16+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /ˌdɑlərɪˈzeɪʃən/

Definitions of dollarization

noun the process of adopting or using the US dollar as the official currency of a country

Example Sentences

A1 Dollarization means using the US dollar as the official currency in a country.

A2 The process of dollarization can have both positive and negative effects on an economy.

B1 Some countries have adopted dollarization to stabilize their own currency.

B2 Dollarization can lead to a loss of control over monetary policy for a country.

C1 The debate over dollarization often centers around issues of sovereignty and economic independence.

C2 Experts continue to study the long-term effects of dollarization on different economies around the world.

Examples of dollarization in a Sentence

formal The process of dollarization involves a country adopting the US dollar as its official currency.

informal Dollarization is when a country starts using the US dollar instead of their own currency.

slang Some people believe that dollarization is a way for countries to stabilize their economies.

figurative In the world of finance, dollarization is seen as a way to attract foreign investment.

Grammatical Forms of dollarization

past tense

dollarized

plural

dollarizations

comparative

more dollarized

superlative

most dollarized

present tense

dollarize

future tense

will dollarize

perfect tense

have dollarized

continuous tense

is dollarizing

singular

dollarization

positive degree

dollarized

infinitive

to dollarize

gerund

dollarizing

participle

dollarizing

Origin and Evolution of dollarization

First Known Use: 1999 year
Language of Origin: English
Story behind the word: The word 'dollarization' originated from the term 'dollarize' which refers to the process of adopting the US dollar as the official currency of a country.
Evolution of the word: The term 'dollarization' gained popularity in the late 20th century as more countries started to adopt the US dollar as their official currency due to economic instability or to attract foreign investment. The word has since become widely used in discussions about currency adoption and monetary policy.