dollarization

noun

dol·​lar·​i·​za·​tion ˌdä-lə-rə-ˈzā-shən How to pronounce dollarization (audio)
: the adoption of the U.S. dollar as a country's official national currency
dollarize verb

Examples of dollarization in a Sentence

Recent Examples on the Web Many customers held crypto assets like bitcoin on the FTX platform, but through a process common to bankruptcy proceedings known as dollarization, their claims have instead been assigned a dollar value based on the price of those assets on the date of the bankruptcy petition. Joel Khalili, WIRED, 8 May 2024 Without dollarization, Argentina is destined to remain miserable. Steve H. Hanke, National Review, 14 Mar. 2024 Simple as dollarization may sound, its implementation is far from straightforward. Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023 This is the conventional wisdom about dollarization. Matt Sekerke, National Review, 29 Nov. 2023 See all Example Sentences for dollarization 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'dollarization.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1982, in the meaning defined above

Time Traveler
The first known use of dollarization was in 1982

Dictionary Entries Near dollarization

Cite this Entry

“Dollarization.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/dollarization. Accessed 31 Oct. 2024.

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