dollarizing

Converting to bucks

Dollarizing is the process of adopting the US dollar as official currency, replacing a country's own money.

Nations dollarize to combat hyperinflation or stabilize economies: Ecuador dollarized in 2000 after its currency collapsed.

The term also applies to pricing goods in dollars rather than local currency: The hotel was dollarizing its rates for foreign tourists.

sensename

currency

Medium of exchange

conversionAct of changing states
exchangeMutual giving and receiving
greenbackUS paper currency

USD · monetary · substitution · peso · replacing · stabilization · legal tender · denomination · foreign · adoption

economic

policy

Adopted principle of action

hyperinflationExtreme rapid price escalation
stabilizationProcess of becoming steady
central bankNational currency management institution

sovereignty · Argentina · Ecuador · Panama · Zimbabwe · El Salvador · emerging markets · crisis · devaluation · IMF

pricing

menu

List of available dishes

contractsEnforceable written agreements
invoicingIssuing payment requests
quotingRepeating exact words

benchmarking · commodities · oil · trade · transactions · billing · accounting · valuation · standardizing · wholesale

Family

dollar, dollars, sand dollar, silver dollar, dollarize, dollarization, dollarized, dollarizes

Familiarity: Top 1,000,000
Profile: Timeless · Rated G