dollarize
Switch to bucks
To dollarize is to adopt the U.S. dollar as official currency, replacing or supplementing a country's own money: Ecuador dollarized in 2000 after its currency collapsed.
The term also describes converting prices or accounts into dollar equivalents.
Dollarization typically signals economic instability or close ties to the American economy.
Extreme rapid price escalation
- devaluationLowering of currency worth
- anchorSecures ships to seabed
- credibilityQuality inspiring trust
- reservesResources held back
forex · convertibility · macroeconomic · confidence · volatility · speculation · IMF · austerity
Latin American currency
- panamaWoven palm-leaf hat
- formalFollowing strict protocol
- unilateralAffecting one side only
- bilateralInvolving two parties
circulation · banknotes · coinage · transition · implementation · referendum
hyperinflation
Extreme rapid price escalation
- devaluationLowering of currency worth
- anchorSecures ships to seabed
- credibilityQuality inspiring trust
reserves · forex · convertibility · macroeconomic · confidence · volatility · speculation · IMF · austerity · debt
peso
Latin American currency
- panamaWoven palm-leaf hat
- formalFollowing strict protocol
- unilateralAffecting one side only
bilateral · circulation · banknotes · coinage · transition · implementation · referendum