dollarization

Widespread use, or routine official government use, of US dollars in a country in place of that country's own currency. Source: Officer, Lawrence H., 'Reviewof Kurt Schuler Currency Boards and Dollarization' Economic History Services, Nov 14, 2003, URL: http://www.eh.net/bookreviews/library/0705.shtml; http://www.dollarization.org;
Found on http://www.econterms.com/glossary.cgi?query=dollarization

Dollarization

Utilization of the U.S. dollar to assess value and to use as a vehicle of exchange in an economy with an unstable currency. Discover What It`s Like to Live Easy With EquiTrend
Found on http://www.equitrend.com/glossary967.xhtml

Dollarization

The official adoption by a country other than the United States of the U.S. dollar as its local currency.
Found on http://www-personal.umich.edu/~alandear/glossary/d.html

dollarization

Adoption of the US dollar as the main currency across large parts of the economy. It can occur informally and without official approval, when citizens vote with their pockets, or formally when a country stops issuing its own currency and uses only foreign currency....
Found on http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=3847

dollarization

Official or full dollarisation is a complete monetary union with a foreign country from which a country `imports` a currency, by making the foreign currency full legal tender and reducing its own currency, if any, to a subsidiary role. In officially dollarised countries, there is no domestic currency, no currency risk and, therefore, no risk of cur...
Found on http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=3847
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