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

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
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