Currency Terminology

noun a small amount of money, usually equal to 25 cents

adjective used to describe something as insignificant or unimportant

• The price of the item was just two bits.
• I'll give you two bits for that old book.
• I only have two bits left in my pocket.
• His opinion is not worth two bits in this matter.

noun a type of currency made from a synthetic material called polymer, known for its durability and security features

• The new polymer note introduced by the central bank is designed to be more durable than traditional paper currency.
• Have you seen the new polymer note? It feels so smooth and different compared to the old bills.
• I heard the new polymer note is like indestructible, you can't tear it no matter how hard you try.
• The polymer note symbolizes the country's commitment to modernizing its currency system.

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

• The process of dollarization involves a country adopting the US dollar as its official currency.
• Dollarization is when a country starts using the US dollar instead of their own currency.
• Some people believe that dollarization is a way for countries to stabilize their economies.
• In the world of finance, dollarization is seen as a way to attract foreign investment.